Consolidated Portfolio Review Corp purchased a new position in shares of Fortuna Silver Mines Inc. (NYSE:FSM – Free Report) (TSE:FVI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,905 shares of the basic materials company’s stock, valued at approximately $57,000.
A number of other hedge funds have also recently added to or reduced their stakes in FSM. Van ECK Associates Corp grew its stake in shares of Fortuna Silver Mines by 9.9% in the 1st quarter. Van ECK Associates Corp now owns 33,098,915 shares of the basic materials company’s stock valued at $126,436,000 after purchasing an additional 2,974,014 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Fortuna Silver Mines by 345.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,136,632 shares of the basic materials company’s stock valued at $8,141,000 after purchasing an additional 1,657,274 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Fortuna Silver Mines by 446.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,854,900 shares of the basic materials company’s stock valued at $5,268,000 after purchasing an additional 1,515,300 shares during the last quarter. Amundi grew its stake in shares of Fortuna Silver Mines by 914.8% in the 4th quarter. Amundi now owns 1,014,789 shares of the basic materials company’s stock valued at $3,684,000 after purchasing an additional 914,789 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Fortuna Silver Mines by 176.3% in the 4th quarter. Deutsche Bank AG now owns 1,143,695 shares of the basic materials company’s stock valued at $4,289,000 after buying an additional 729,773 shares during the period. Hedge funds and other institutional investors own 31.19% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently commented on the company. National Bank Financial reduced their price target on Fortuna Silver Mines from C$7.25 to C$6.75 in a report on Friday, July 21st. Scotiabank assumed coverage on Fortuna Silver Mines in a report on Tuesday, May 30th. They issued a “sector perform” rating for the company. Finally, StockNews.com assumed coverage on Fortuna Silver Mines in a report on Thursday, August 17th. They set a “hold” rating for the company.
Fortuna Silver Mines Stock Performance
Shares of FSM stock opened at $3.14 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.23 and a current ratio of 1.98. The stock has a fifty day moving average price of $3.26 and a 200 day moving average price of $3.44. The stock has a market cap of $913.49 million, a PE ratio of -6.54 and a beta of 1.31. 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 Free Report) (TSE:FVI) last released its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $158.40 million for the quarter, compared to analysts’ expectations of $163.00 million. Fortuna Silver Mines had a positive return on equity of 1.92% and a negative net margin of 22.51%. Sell-side analysts forecast that Fortuna Silver Mines Inc. will post 0.21 earnings per share for the current fiscal year.
Fortuna Silver Mines Company Profile
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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