Separately, TheStreet raised Fortuna Silver Mines from a “d+” rating to a “c-” rating in a research report on Wednesday, December 13th.
Fortuna Silver Mines Stock Performance
Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last announced its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.03 by $0.07. The company had revenue of $243.06 million for the quarter. Fortuna Silver Mines had a positive return on equity of 4.01% and a negative net margin of 15.98%. During the same period last year, the company earned $0.01 EPS. On average, sell-side analysts anticipate that Fortuna Silver Mines will post 0.23 earnings per share for the current year.
Institutional Investors Weigh In On Fortuna Silver Mines
Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. purchased a new stake in Fortuna Silver Mines in the first quarter valued at about $38,000. Dimensional Fund Advisors LP raised its stake in Fortuna Silver Mines by 345.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,136,632 shares of the basic materials company’s stock valued at $8,141,000 after buying an additional 1,657,274 shares during the last quarter. NewEdge Advisors LLC raised its stake in Fortuna Silver Mines by 13.2% in the first quarter. NewEdge Advisors LLC now owns 284,240 shares of the basic materials company’s stock valued at $1,083,000 after buying an additional 33,050 shares during the last quarter. Mackenzie Financial Corp raised its stake in Fortuna Silver Mines by 49.1% in the first quarter. Mackenzie Financial Corp now owns 138,791 shares of the basic materials company’s stock valued at $528,000 after buying an additional 45,727 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Fortuna Silver Mines in the first quarter valued at about $1,294,000. Institutional investors own 31.19% of the company’s stock.
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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