Separately, Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a sell rating to a hold rating in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Fortuna Silver Mines has a consensus rating of Hold and a consensus price target of $2.75.
Shares of NYSE:FSM opened at $3.74 on Wednesday. The firm has a market capitalization of $602.69 million, a PE ratio of 15.58 and a beta of 0.33. Fortuna Silver Mines has a 1-year low of $2.39 and a 1-year high of $5.66. The business’s fifty day simple moving average is $2.80. The company has a quick ratio of 2.45, a current ratio of 2.71 and a debt-to-equity ratio of 0.13.
A number of institutional investors have recently added to or reduced their stakes in FSM. Global Strategic Management Inc. acquired a new position in Fortuna Silver Mines during the 4th quarter valued at about $6,013,000. Deutsche Bank AG increased its stake in Fortuna Silver Mines by 261.7% during the 4th quarter. Deutsche Bank AG now owns 2,210,977 shares of the basic materials company’s stock valued at $8,047,000 after buying an additional 1,599,642 shares during the period. Ruffer LLP acquired a new position in Fortuna Silver Mines during the 1st quarter valued at about $1,822,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in Fortuna Silver Mines during the 1st quarter valued at about $1,919,000. Finally, Ingalls & Snyder LLC increased its stake in Fortuna Silver Mines by 13.5% during the 2nd quarter. Ingalls & Snyder LLC now owns 3,060,550 shares of the basic materials company’s stock valued at $8,723,000 after buying an additional 364,750 shares during the period. 41.31% of the stock is currently owned by hedge funds and other institutional investors.
About Fortuna Silver Mines
Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.
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