HTLF Bank Invests $112,000 in Fortuna Silver Mines Inc. (NYSE:FSM)

HTLF Bank acquired a new position in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 29,000 shares of the basic materials company’s stock, valued at approximately $112,000.

Other institutional investors have also made changes to their positions in the company. Citigroup Inc. bought a new position in shares of Fortuna Silver Mines in the first quarter worth about $38,000. Northern Trust Corp bought a new position in shares of Fortuna Silver Mines in the second quarter worth about $28,000. Equitable Holdings Inc. bought a new position in shares of Fortuna Silver Mines in the second quarter worth about $32,000. First Trust Advisors LP bought a new position in Fortuna Silver Mines during the third quarter valued at about $26,000. Finally, Creative Planning bought a new position in Fortuna Silver Mines during the fourth quarter valued at about $41,000. 33.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FSM shares. Scotiabank boosted their price target on Fortuna Silver Mines from $4.00 to $4.75 and gave the company a “sector perform” rating in a research note on Monday, April 8th. StockNews.com lowered Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Finally, TheStreet lowered Fortuna Silver Mines from a “c-” rating to a “d” rating in a research note on Thursday, March 7th.

Fortuna Silver Mines Stock Up 3.1 %

FSM stock opened at $4.65 on Friday. Fortuna Silver Mines Inc. has a 1-year low of $2.58 and a 1-year high of $4.94. The business’s 50 day moving average is $3.55 and its 200-day moving average is $3.43. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its quarterly earnings data on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Fortuna Silver Mines had a negative net margin of 5.99% and a positive return on equity of 5.03%. The company had revenue of $265.31 million during the quarter. On average, sell-side analysts expect that Fortuna Silver Mines Inc. will post -0.12 earnings per share for the current 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 operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.