Mackenzie Financial Corp Grows Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Mackenzie Financial Corp raised its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 224.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,720,375 shares of the basic materials company's stock after purchasing an additional 3,266,096 shares during the period. Mackenzie Financial Corp owned 1.54% of Fortuna Silver Mines worth $20,240,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its position in shares of Fortuna Silver Mines by 71.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 651,688 shares of the basic materials company's stock valued at $2,796,000 after acquiring an additional 272,547 shares during the last quarter. Vanguard Capital Wealth Advisors purchased a new position in shares of Fortuna Silver Mines in the 4th quarter valued at about $67,000. Vident Advisory LLC grew its position in shares of Fortuna Silver Mines by 11.0% during the fourth quarter. Vident Advisory LLC now owns 186,703 shares of the basic materials company's stock worth $801,000 after buying an additional 18,523 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Fortuna Silver Mines by 40.3% during the fourth quarter. Tidal Investments LLC now owns 7,542,803 shares of the basic materials company's stock worth $32,359,000 after buying an additional 2,165,430 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Fortuna Silver Mines during the 4th quarter worth approximately $97,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines Price Performance

NYSE:FSM traded down $0.18 during trading hours on Thursday, hitting $5.80. The company's stock had a trading volume of 12,889,660 shares, compared to its average volume of 10,251,889. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. Fortuna Silver Mines Inc. has a 52-week low of $3.86 and a 52-week high of $6.78. The business's 50-day moving average is $5.94 and its two-hundred day moving average is $5.18. The company has a market capitalization of $1.78 billion, a PE ratio of 72.45 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 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $290.15 million during the quarter, compared to analyst estimates of $291.00 million. As a group, research analysts anticipate that Fortuna Silver Mines Inc. will post 0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FSM shares. National Bank Financial raised Fortuna Silver Mines to a "hold" rating in a report on Friday, March 21st. CIBC lowered shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research note on Tuesday, February 18th. 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. Finally, Scotiabank raised their price objective on Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th.

About Fortuna Silver Mines

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.