Zurcher Kantonalbank Zurich Cantonalbank Has $233,000 Stock Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 19.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,280 shares of the basic materials company’s stock after purchasing an additional 9,837 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fortuna Silver Mines were worth $233,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in Fortuna Silver Mines by 0.5% in the third quarter. Van ECK Associates Corp now owns 30,035,190 shares of the basic materials company’s stock worth $81,767,000 after buying an additional 135,263 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Fortuna Silver Mines by 2.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,566,641 shares of the basic materials company’s stock worth $29,266,000 after purchasing an additional 146,303 shares during the last quarter. Euro Pacific Asset Management LLC raised its holdings in shares of Fortuna Silver Mines by 2.2% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 4,579,271 shares of the basic materials company’s stock valued at $12,460,000 after purchasing an additional 100,307 shares in the last quarter. Ruffer LLP lifted its stake in shares of Fortuna Silver Mines by 59.0% in the 3rd quarter. Ruffer LLP now owns 3,368,940 shares of the basic materials company’s stock valued at $9,206,000 after purchasing an additional 1,250,000 shares during the last quarter. Finally, Sprott Inc. boosted its holdings in Fortuna Silver Mines by 15.1% in the third quarter. Sprott Inc. now owns 2,162,034 shares of the basic materials company’s stock worth $5,881,000 after purchasing an additional 283,809 shares in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines Price Performance

Shares of NYSE:FSM opened at $4.86 on Tuesday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -30.34 and a beta of 1.57. The business has a 50 day moving average price of $3.96 and a 200 day moving average price of $3.57. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Fortuna Silver Mines Inc. has a twelve month low of $2.58 and a twelve month high of $4.94.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted 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 business had revenue of $265.31 million during the quarter. Research analysts predict that Fortuna Silver Mines Inc. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on FSM. Scotiabank boosted their price target on Fortuna Silver Mines from $4.00 to $4.75 and gave the stock a “sector perform” rating in a research report on Monday, April 8th. TheStreet downgraded Fortuna Silver Mines from a “c-” rating to a “d” rating in a report on Thursday, March 7th. Finally, StockNews.com cut shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Monday, April 15th.

Fortuna Silver Mines 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.