Belpointe Asset Management LLC Acquires Shares of 12,800 Fortuna Silver Mines Inc. (NYSE:FSM)

Belpointe Asset Management LLC acquired a new stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM – Get Rating) (TSE:FVI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,800 shares of the basic materials company’s stock, valued at approximately $48,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FSM. Renaissance Technologies LLC raised its stake in Fortuna Silver Mines by 94.1% during the 3rd quarter. Renaissance Technologies LLC now owns 3,600,571 shares of the basic materials company’s stock valued at $9,073,000 after acquiring an additional 1,745,671 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Fortuna Silver Mines by 345.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,136,632 shares of the basic materials company’s stock worth $8,141,000 after buying an additional 1,657,274 shares in the last quarter. U S Global Investors Inc. raised its stake in shares of Fortuna Silver Mines by 261.5% during the 4th quarter. U S Global Investors Inc. now owns 903,627 shares of the basic materials company’s stock worth $3,390,000 after buying an additional 653,627 shares in the last quarter. Euro Pacific Asset Management LLC raised its stake in shares of Fortuna Silver Mines by 16.5% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 4,037,517 shares of the basic materials company’s stock worth $10,159,000 after buying an additional 573,191 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in shares of Fortuna Silver Mines by 128.5% during the 4th quarter. National Bank of Canada FI now owns 937,964 shares of the basic materials company’s stock worth $3,508,000 after buying an additional 527,513 shares in the last quarter. 26.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FSM shares. StockNews.com raised Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets cut their target price on Fortuna Silver Mines from C$6.50 to C$6.25 in a research note on Tuesday, January 31st. National Bank Financial increased their target price on Fortuna Silver Mines from C$7.00 to C$7.25 in a research note on Friday, May 19th. TheStreet cut Fortuna Silver Mines from a “c” rating to a “d” rating in a report on Wednesday, March 22nd. Finally, CIBC upped their price target on Fortuna Silver Mines from C$5.85 to C$6.00 in a report on Tuesday, February 7th.

Fortuna Silver Mines Stock Performance

FSM opened at $3.42 on Wednesday. The stock has a market cap of $994.81 million, a P/E ratio of -7.13 and a beta of 1.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.90 and a quick ratio of 1.26. The stock’s 50 day simple moving average is $3.71 and its 200 day simple moving average is $3.64. Fortuna Silver Mines Inc. has a 1-year low of $2.05 and a 1-year high of $4.20.

Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) last released its quarterly earnings results on Wednesday, March 15th. The basic materials company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $164.70 million for the quarter, compared to analysts’ expectations of $152.00 million. Fortuna Silver Mines had a positive return on equity of 1.81% and a negative net margin of 22.37%. During the same quarter in the prior year, the firm posted $0.10 EPS. As a group, equities analysts anticipate that Fortuna Silver Mines Inc. will post 0.38 EPS for the current fiscal year.

Fortuna Silver Mines Company Profile

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Fortuna Silver Mines, Inc engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de C.V. (Cuzcatian), Mansfield Minera SA (Mansfield), and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine.