Fortuna Silver Mines (NYSE:FSM) Shares Up 4.3% - Should You Buy?

Fortuna Silver Mines Inc. (NYSE:FSM - Get Free Report) TSE: FVI shares traded up 4.3% during mid-day trading on Tuesday . The company traded as high as $5.91 and last traded at $6.00. 1,839,127 shares traded hands during trading, a decline of 78% from the average session volume of 8,483,328 shares. The stock had previously closed at $5.75.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Scotiabank dropped their price target on Fortuna Silver Mines from $6.75 to $6.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 15th. CIBC downgraded Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. Finally, Cibc World Mkts downgraded Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 18th.

Fortuna Silver Mines Stock Performance

The business has a 50-day moving average of $4.88 and a two-hundred day moving average of $4.77. The company has a market cap of $1.79 billion, a P/E ratio of 73.07 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last issued its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.09). Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. The company had revenue of $302.20 million for the quarter, compared to the consensus estimate of $301.65 million. On average, sell-side analysts predict that Fortuna Silver Mines Inc. will post 0.51 EPS for the current fiscal year.

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Institutional Investors Weigh In On Fortuna Silver Mines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PKO Investment Management Joint Stock Co purchased a new stake in Fortuna Silver Mines in the fourth quarter valued at about $663,000. Mackenzie Financial Corp raised its stake in Fortuna Silver Mines by 224.6% in the fourth quarter. Mackenzie Financial Corp now owns 4,720,375 shares of the basic materials company's stock valued at $20,240,000 after buying an additional 3,266,096 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Fortuna Silver Mines by 71.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 651,688 shares of the basic materials company's stock valued at $2,796,000 after buying an additional 272,547 shares during the last quarter. Vanguard Capital Wealth Advisors purchased a new stake in Fortuna Silver Mines in the fourth quarter valued at about $67,000. Finally, Vident Advisory LLC raised its stake in Fortuna Silver Mines by 11.0% in the fourth quarter. Vident Advisory LLC now owns 186,703 shares of the basic materials company's stock valued at $801,000 after buying an additional 18,523 shares during the last quarter. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Fortuna Silver Mines Company Profile

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.