DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,975,007 shares of the basic materials company's stock after acquiring an additional 226,807 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.64% of Fortuna Silver Mines worth $8,473,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Fortuna Silver Mines by 10.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,402,119 shares of the basic materials company's stock valued at $36,043,000 after acquiring an additional 796,364 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Fortuna Silver Mines by 15.3% during the fourth quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company's stock valued at $21,625,000 after acquiring an additional 668,590 shares during the last quarter. Euro Pacific Asset Management LLC raised its holdings in shares of Fortuna Silver Mines by 1.2% during the fourth quarter. Euro Pacific Asset Management LLC now owns 4,365,085 shares of the basic materials company's stock valued at $18,792,000 after acquiring an additional 50,402 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Fortuna Silver Mines by 14.0% during the fourth quarter. Renaissance Technologies LLC now owns 4,233,900 shares of the basic materials company's stock valued at $18,163,000 after acquiring an additional 520,100 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Fortuna Silver Mines by 63.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,170,700 shares of the basic materials company's stock valued at $9,305,000 after acquiring an additional 845,900 shares during the last quarter. Institutional investors and hedge funds own 33.80% of the company's stock.
Fortuna Silver Mines Trading Up 0.5%
Fortuna Silver Mines stock traded up $0.03 during mid-day trading on Thursday, hitting $5.43. The company's stock had a trading volume of 12,743,279 shares, compared to its average volume of 9,978,103. The firm has a market capitalization of $1.67 billion, a PE ratio of 67.82 and a beta of 1.10. Fortuna Silver Mines Inc. has a 1 year low of $3.86 and a 1 year high of $6.78. 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's fifty day moving average is $5.91 and its two-hundred day moving average is $5.12.
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 for the quarter, missing the consensus estimate of $0.21 by ($0.01). Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. The business had revenue of $290.15 million during the quarter, compared to analysts' expectations of $291.00 million. On average, analysts anticipate that Fortuna Silver Mines Inc. will post 0.51 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on FSM shares. Cibc World Mkts cut Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 18th. CIBC lowered shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a report on Tuesday, February 18th. Scotiabank increased their price objective 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. Finally, National Bank Financial upgraded Fortuna Silver Mines to a "hold" rating in a research report on Friday, March 21st.
Get Our Latest Stock Analysis on Fortuna Silver Mines
About Fortuna Silver Mines
(
Free Report)
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.
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