830,295 Shares in Fortuna Silver Mines Inc. (NYSE:FSM) Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC purchased a new stake in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 830,295 shares of the basic materials company's stock, valued at approximately $3,562,000. Gotham Asset Management LLC owned 0.27% of Fortuna Silver Mines as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Optiver Holding B.V. bought a new position in Fortuna Silver Mines during the fourth quarter worth $26,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in Fortuna Silver Mines in the fourth quarter worth $34,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Fortuna Silver Mines during the 4th quarter valued at about $45,000. Bank of Nova Scotia bought a new stake in Fortuna Silver Mines in the fourth quarter valued at about $46,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in Fortuna Silver Mines by 24.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 12,440 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 2,440 shares in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FSM. National Bank Financial raised Fortuna Silver Mines to a "hold" rating in a report on Friday, March 21st. Scotiabank boosted their target price on Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. CIBC cut shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. Finally, Cibc World Mkts downgraded shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th.

Fortuna Silver Mines Trading Up 1.0%

NYSE FSM traded up $0.06 on Tuesday, reaching $5.60. The company had a trading volume of 2,924,481 shares, compared to its average volume of 14,909,811. Fortuna Silver Mines Inc. has a 52 week low of $3.86 and a 52 week high of $6.78. The stock's 50 day moving average is $5.94 and its 200-day moving average is $5.13. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 69.95 and a beta of 1.10.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The firm had revenue of $290.15 million for the quarter, compared to analyst estimates of $291.00 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. Equities analysts predict that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current year.

Fortuna Silver Mines Profile

Fortuna Mining Corp. 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.