Axa S.A. Purchases 218,737 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

AXA S.A. increased its stake in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 1,994.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 229,704 shares of the basic materials company's stock after purchasing an additional 218,737 shares during the quarter. AXA S.A. owned approximately 0.07% of Fortuna Silver Mines worth $985,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in Fortuna Silver Mines by 616.1% in the 3rd quarter. Franklin Resources Inc. now owns 253,500 shares of the basic materials company's stock worth $1,231,000 after buying an additional 218,100 shares during the period. Barclays PLC bought a new stake in Fortuna Silver Mines in the 3rd quarter worth approximately $2,227,000. Legal & General Group Plc grew its position in Fortuna Silver Mines by 10.0% during the fourth quarter. Legal & General Group Plc now owns 863,406 shares of the basic materials company's stock valued at $3,704,000 after acquiring an additional 78,284 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Fortuna Silver Mines during the fourth quarter worth approximately $67,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Fortuna Silver Mines in the 4th quarter worth approximately $523,000. Hedge funds and other institutional investors own 33.80% of the company's stock.

Analyst Ratings Changes

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

Fortuna Silver Mines Stock Performance

NYSE:FSM traded down $0.07 during mid-day trading on Thursday, reaching $5.34. The company's stock had a trading volume of 8,663,238 shares, compared to its average volume of 9,963,839. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.64 billion, a P/E ratio of 66.82 and a beta of 1.10. The firm's fifty day moving average price is $5.91 and its two-hundred day moving average price is $5.12. Fortuna Silver Mines Inc. has a 12-month low of $3.86 and a 12-month high of $6.78.

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

Fortuna Silver Mines Company 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.