Fortuna Silver Mines (NYSE:FSM) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Fortuna Silver Mines (NYSE:FSMFree Report) (TSE:FVI) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Separately, TheStreet upgraded Fortuna Silver Mines from a d+ rating to a c- rating in a research note on Wednesday, December 13th.

Get Our Latest Research Report on FSM

Fortuna Silver Mines Price Performance

Fortuna Silver Mines stock opened at $2.95 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.27 and a current ratio of 2.12. Fortuna Silver Mines has a 52 week low of $2.58 and a 52 week high of $4.20. The firm has a market cap of $904.44 million, a P/E ratio of -7.76 and a beta of 1.62. The business’s fifty day moving average is $3.53 and its two-hundred day moving average is $3.23.

Hedge Funds Weigh In On Fortuna Silver Mines

Large investors have recently modified their holdings of the company. First Trust Advisors LP bought a new stake in Fortuna Silver Mines in the 3rd quarter valued at about $26,000. Northern Trust Corp purchased a new stake in Fortuna Silver Mines in the 2nd quarter worth approximately $28,000. Stableford Capital II LLC purchased a new stake in Fortuna Silver Mines in the second quarter worth about $29,000. Equitable Holdings Inc. purchased a new position in Fortuna Silver Mines during the 2nd quarter valued at about $32,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Fortuna Silver Mines in the 2nd quarter worth about $33,000. 31.19% of the stock is currently owned by institutional investors.

About Fortuna Silver Mines

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Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine located in southern Mexico; the Lindero gold project located in Northern Argentina; Yaramoko gold mine located in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.

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