Fortuna Silver Mines (NYSE:FSM) Shares Gap Down to $4.65

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI)’s share price gapped down before the market opened on Monday . The stock had previously closed at $4.65, but opened at $4.38. Fortuna Silver Mines shares last traded at $4.56, with a volume of 2,122,492 shares traded.

Analyst Ratings Changes

FSM has been the subject of several recent analyst reports. TheStreet downgraded shares of Fortuna Silver Mines from a “c-” rating to a “d” rating in a report on Thursday, March 7th. StockNews.com lowered Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Finally, Scotiabank increased their target price on Fortuna Silver Mines from $4.00 to $4.75 and gave the company a “sector perform” rating in a research note on Monday, April 8th.

Fortuna Silver Mines Stock Up 3.9 %

The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $3.62 and its two-hundred day simple moving average is $3.46.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its earnings results on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Fortuna Silver Mines had a negative net margin of 5.99% and a positive return on equity of 5.03%. The company had revenue of $265.31 million during the quarter. On average, equities research analysts expect that Fortuna Silver Mines Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Fortuna Silver Mines

A number of institutional investors and hedge funds have recently modified their holdings of FSM. Rathbones Group PLC acquired a new stake in Fortuna Silver Mines during the third quarter worth $34,000. Private Advisor Group LLC bought a new stake in Fortuna Silver Mines in the third quarter valued at about $66,000. B. Riley Wealth Advisors Inc. acquired a new position in Fortuna Silver Mines in the fourth quarter worth about $77,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Fortuna Silver Mines during the first quarter valued at approximately $78,000. Finally, SG Americas Securities LLC bought a new stake in shares of Fortuna Silver Mines in the 4th quarter valued at approximately $82,000. 33.80% of the stock is currently owned by institutional investors.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.