Economy

Fortuna Silver Mines Inc. (NYSE:FSM) Under Analyst Spotlight

Swiss National Bank raised its stake in shares of Fortuna Silver Mines by 2.6% in the third quarter. Quadrature Capital Ltd purchased a new stake in shares of Fortuna Silver Mines during the fourth quarter valued at $223,000. Great West Life Assurance Co. Creative Planning raised its stake in shares of Fortuna Silver Mines by 18.5% in the first quarter. Stock's twelve month price oscillated between $9.75 and $4.11. Fortuna Silver Mines (NYSE:FSM)'s price to free cash flow for trailing twelve months is 0. CIBC World Markets Inc. now owns 40,316 shares of the basic materials company's stock worth $210,000 after buying an additional 4,606 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Fortuna Silver Mines during the fourth quarter valued at approximately $4,905,000. LLC now owns 2,133,752 shares of the basic materials company's stock valued at $15,440,000 after buying an additional 277,173 shares during the period. Finally, Eqis Capital Management Inc. raised its stake in shares of Fortuna Silver Mines by 21.7% in the first quarter.

The volume of the particular stock is the shares bought and sold in a single trading day. (NYSE:FSM), its shares were trading at $4.72 a retreat of $-0.11, on the trading floor. A total of 2.6 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 1.92 Million shares, while its relative volume stands at 1.35. BMO Capital Markets raised shares of Fortuna Silver Mines from a "market perform" rating to an "outperform" rating and lowered their price target for the stock from $10.75 to $9.00 in a research report on Friday, March 31st.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -20.96%, and has a poor year to date (YTD) performance of -16.46% which means the stock is constantly subtracting to its value from the previous fiscal year end price.

Wall Street analysts are predicting that Helix Energy Solutions Group (NYSE:HLX) will report earnings per share of $-0.03 in their quarterly report. (FSM) is 0.08 while the analysts predicted the EPS of the stock to be 0.05 suggesting the company fell short of the analysts' expectations. The firm had revenue of $57.90 million during the quarter, compared to the consensus estimate of $59 million. The Return on Equity (ROE) value stands at 0%. The firm's revenue for the quarter was up 56.5% on a year-over-year basis.

The share price of the company (NYSE:FSM) was down -3.78%, with a high of 5.19 during the day and the volume of Fortuna Silver Mines Inc. shares traded was 4094101.

More news: The Alnylam Pharmaceuticals' (ALNY) "Market Perform" Rating Reiterated at Leerink Swann

COPYRIGHT VIOLATION NOTICE: This story was first published by Stock Observer and is owned by of Stock Observer. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark laws. Analysts set a 12-month price target of $9 a share.

A number of analysts have commented on the company. Finally, TheStreet upgraded Fortuna Silver Mines from a d+ rating to a c rating in a research report on Monday, February 6th. (NYSE:FSM) (TSE:FVI) from a buy rating to a hold rating in a research note published on Wednesday, May 17th. Fortuna Silver Mines Inc.

Some buy side analysts are also providing their Analysis on Fortuna Silver Mines Inc., where 1 analysts have rated the stock as Strong buy, 4 analysts have given a Buy signal, 1 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell.

The company's consensus rating on Reuter's scale remained unchanged from 2 to 2 during a month.

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing.



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