Bank of America Corp DE Boosts Stock Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Bank of America Corp DE increased its position in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 15.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 927,264 shares of the basic materials company's stock after buying an additional 123,720 shares during the period. Bank of America Corp DE owned about 0.30% of Fortuna Silver Mines worth $3,978,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Fortuna Silver Mines by 10.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,402,119 shares of the basic materials company's stock worth $36,043,000 after buying an additional 796,364 shares during the period. American Century Companies Inc. boosted its holdings in shares of Fortuna Silver Mines by 15.3% during the 4th quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company's stock valued at $21,625,000 after purchasing an additional 668,590 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Fortuna Silver Mines by 14.0% during the 4th quarter. Renaissance Technologies LLC now owns 4,233,900 shares of the basic materials company's stock valued at $18,163,000 after purchasing an additional 520,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Fortuna Silver Mines by 63.9% during the 4th 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 purchasing an additional 845,900 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Fortuna Silver Mines by 1,558.0% during the 4th quarter. Invesco Ltd. now owns 1,940,748 shares of the basic materials company's stock valued at $8,326,000 after purchasing an additional 1,823,695 shares during the last quarter. Institutional investors own 33.80% of the company's stock.

Analyst Upgrades and Downgrades

FSM has been the subject of several research reports. Scotiabank increased their price objective on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Cibc World Mkts cut shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 18th. CIBC lowered shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. Finally, National Bank Financial raised shares of Fortuna Silver Mines to a "hold" rating in a research report on Friday, March 21st.

Fortuna Silver Mines Trading Up 0.9%

FSM traded up $0.05 on Friday, reaching $5.85. 21,715,642 shares of the company traded hands, compared to its average volume of 10,357,106. The company has a market cap of $1.80 billion, a P/E ratio of 73.13 and a beta of 1.10. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines Inc. has a one year low of $3.86 and a one year high of $6.78. The firm has a fifty day simple moving average of $5.93 and a two-hundred day simple moving average of $5.18.

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