Canaccord Genuity upgraded shares of Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) from a hold rating to a buy rating in a report issued on Thursday, The Fly reports. The analysts noted that the move was a valuation call.
FSM has been the subject of several other reports. ValuEngine raised shares of Fortuna Silver Mines from a strong sell rating to a sell rating in a research note on Friday, December 21st. CIBC downgraded shares of Fortuna Silver Mines from a sector outperform rating to a neutral rating in a research note on Tuesday, March 5th. Zacks Investment Research downgraded shares of Fortuna Silver Mines from a buy rating to a hold rating in a research note on Friday, January 4th. Finally, BMO Capital Markets reissued a buy rating on shares of Fortuna Silver Mines in a research note on Monday, December 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $6.25.
Fortuna Silver Mines stock traded up $0.12 during mid-day trading on Thursday, hitting $3.76. The company’s stock had a trading volume of 244,815 shares, compared to its average volume of 921,865. The company has a quick ratio of 4.04, a current ratio of 4.43 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $577.38 million, a PE ratio of 12.13 and a beta of 0.22. Fortuna Silver Mines has a 12 month low of $3.16 and a 12 month high of $6.08.
Fortuna Silver Mines Company Profile
Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. It explores for silver, gold, lead, and zinc deposits. The company holds interests in the Caylloma mine located in southern Peru; and the San Jose mine situated in the state of Oaxaca in southern Mexico.
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