Fortuna Silver Mines Inc. (NYSE:FSM - Get Free Report) TSE: FVI saw unusually large options trading on Friday. Stock traders purchased 8,951 call options on the stock. This represents an increase of approximately 339% compared to the average daily volume of 2,037 call options.
Institutional Trading of Fortuna Silver Mines
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. acquired a new position in shares of Fortuna Silver Mines during the fourth quarter valued at about $26,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Fortuna Silver Mines in the 4th quarter valued at approximately $34,000. SeaCrest Wealth Management LLC acquired a new position in Fortuna Silver Mines in the 4th quarter valued at approximately $45,000. Bank of Nova Scotia bought a new stake in shares of Fortuna Silver Mines in the 4th quarter worth approximately $46,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Fortuna Silver Mines during the 3rd quarter worth approximately $50,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.
Fortuna Silver Mines Stock Performance
NYSE:FSM traded up $0.28 during mid-day trading on Friday, hitting $4.91. 23,596,192 shares of the company's stock traded hands, compared to its average volume of 14,401,709. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 61.32 and a beta of 1.50. The firm has a 50 day moving average of $4.65 and a two-hundred day moving average of $4.71. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines has a 12 month low of $3.16 and a 12 month high of $6.36.
Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last posted its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $302.20 million during the quarter, compared to the consensus estimate of $301.65 million. On average, equities analysts forecast that Fortuna Silver Mines will post 0.51 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. CIBC cut Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. Cibc World Mkts downgraded shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 18th. Finally, Scotiabank dropped their target price on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 15th.
Read Our Latest Stock Analysis on Fortuna Silver Mines
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.
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