TD Asset Management Inc Acquires 27,767 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

TD Asset Management Inc boosted its holdings in Fortuna Silver Mines Inc. (NYSE:FSMFree Report) (TSE:FVI) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 795,375 shares of the basic materials company’s stock after acquiring an additional 27,767 shares during the quarter. TD Asset Management Inc’s holdings in Fortuna Silver Mines were worth $3,076,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new position in Fortuna Silver Mines in the 4th quarter worth about $380,000. Dimensional Fund Advisors LP increased its position in shares of Fortuna Silver Mines by 12.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,002,409 shares of the basic materials company’s stock valued at $19,309,000 after purchasing an additional 553,722 shares during the last quarter. Jump Financial LLC increased its position in shares of Fortuna Silver Mines by 44.9% during the 4th quarter. Jump Financial LLC now owns 488,702 shares of the basic materials company’s stock valued at $1,886,000 after purchasing an additional 151,460 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Fortuna Silver Mines by 133,433.1% during the 4th quarter. BNP Paribas Financial Markets now owns 161,575 shares of the basic materials company’s stock valued at $624,000 after purchasing an additional 161,454 shares during the last quarter. Finally, Versor Investments LP bought a new position in shares of Fortuna Silver Mines during the 4th quarter valued at about $225,000. 33.80% of the stock is currently owned by institutional investors.

Fortuna Silver Mines Price Performance

FSM opened at $5.29 on Friday. The stock’s 50 day simple moving average is $5.03 and its 200 day simple moving average is $3.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 0.76. Fortuna Silver Mines Inc. has a 1 year low of $2.58 and a 1 year high of $6.36. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -48.09 and a beta of 1.61.

Fortuna Silver Mines (NYSE:FSMGet Free Report) (TSE:FVI) last posted its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.06. Fortuna Silver Mines had a positive return on equity of 6.04% and a negative net margin of 3.94%. The business had revenue of $224.95 million for the quarter. As a group, analysts predict that Fortuna Silver Mines Inc. will post 0.37 earnings per share for the current year.

Wall Street Analyst Weigh In

FSM has been the topic of several recent research reports. StockNews.com upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Scotiabank increased their price objective on Fortuna Silver Mines from $4.75 to $6.00 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd. Finally, TheStreet lowered Fortuna Silver Mines from a “c-” rating to a “d” rating in a research report on Thursday, March 7th.

Check Out Our Latest Report on Fortuna Silver Mines

Fortuna Silver Mines Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fortuna Silver Mines (NYSE:FSM)

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