BMO Capital Markets Begins Coverage on Fortuna Silver Mines Inc. (FSM)

BMO Capital Markets started coverage on shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) in a research report released on Friday morning, MarketBeat.com reports. The brokerage issued an outperform rating on the basic materials company’s stock.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity started coverage on shares of Fortuna Silver Mines in a research report on Thursday, September 7th. They set a buy rating for the company. Zacks Investment Research raised shares of Fortuna Silver Mines from a sell rating to a hold rating in a research report on Friday, September 1st. Scotiabank reduced their price objective on shares of Fortuna Silver Mines from $7.00 to $6.00 and set a sector perform rating for the company in a research report on Friday, October 6th. Finally, BidaskClub cut shares of Fortuna Silver Mines from a hold rating to a sell rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $6.75.

Fortuna Silver Mines (NYSE:FSM) opened at $4.34 on Friday. The company has a current ratio of 4.77, a quick ratio of 4.45 and a debt-to-equity ratio of 0.08. Fortuna Silver Mines has a 52-week low of $4.03 and a 52-week high of $6.92. The company has a market cap of $681.65, a price-to-earnings ratio of 15.25 and a beta of 0.17.

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Several institutional investors and hedge funds have recently bought and sold shares of FSM. UBS Asset Management Americas Inc. lifted its holdings in shares of Fortuna Silver Mines by 67.5% during the first quarter. UBS Asset Management Americas Inc. now owns 33,994 shares of the basic materials company’s stock worth $176,000 after buying an additional 13,700 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Fortuna Silver Mines by 43.1% during the first quarter. JPMorgan Chase & Co. now owns 46,788 shares of the basic materials company’s stock worth $243,000 after buying an additional 14,086 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Fortuna Silver Mines by 48.0% during the first quarter. Morgan Stanley now owns 656,263 shares of the basic materials company’s stock worth $3,413,000 after buying an additional 212,785 shares in the last quarter. KCG Holdings Inc. lifted its holdings in shares of Fortuna Silver Mines by 2.5% during the first quarter. KCG Holdings Inc. now owns 34,009 shares of the basic materials company’s stock worth $177,000 after buying an additional 821 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its stake in Fortuna Silver Mines by 8.3% in the second quarter. Eqis Capital Management Inc. now owns 51,904 shares of the basic materials company’s stock valued at $254,000 after purchasing an additional 3,977 shares in the last quarter. 40.58% of the stock is owned by institutional investors.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.

Analyst Recommendations for Fortuna Silver Mines (NYSE:FSM)

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