Shares of Fortuna Silver Mines Inc. (NYSE:FSM - Get Free Report) TSE: FVI gapped up before the market opened on Monday . The stock had previously closed at $4.68, but opened at $4.89. Fortuna Silver Mines shares last traded at $4.88, with a volume of 685,178 shares changing hands.
Analyst Ratings Changes
Separately, Scotiabank increased their target price on shares of Fortuna Silver Mines from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research note on Monday, August 19th.
View Our Latest Stock Report on Fortuna Silver Mines
Fortuna Silver Mines Stock Up 3.6 %
The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The business's 50 day moving average is $4.83 and its 200-day moving average is $4.94. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 60.63 and a beta of 1.58.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. acquired a new stake in shares of Fortuna Silver Mines in the third quarter valued at about $29,000. Banque Cantonale Vaudoise acquired a new position in shares of Fortuna Silver Mines during the 2nd quarter worth approximately $36,000. Perritt Capital Management Inc. grew its position in shares of Fortuna Silver Mines by 40.0% in the first quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company's stock valued at $39,000 after purchasing an additional 3,000 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Fortuna Silver Mines in the third quarter valued at approximately $50,000. Finally, Hohimer Wealth Management LLC purchased a new position in Fortuna Silver Mines during the second quarter worth approximately $54,000. Institutional investors and hedge funds own 33.80% of the company's stock.
About Fortuna Silver Mines
(
Get Free Report)
Fortuna Mining Corp. 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.
Read More
Before you consider Fortuna Silver Mines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fortuna Silver Mines wasn't on the list.
While Fortuna Silver Mines currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
