Nuveen Asset Management LLC Purchases 68,350 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

Nuveen Asset Management LLC raised its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 29.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,857 shares of the basic materials company's stock after acquiring an additional 68,350 shares during the period. Nuveen Asset Management LLC owned approximately 0.10% of Fortuna Silver Mines worth $1,304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC acquired a new position in Fortuna Silver Mines during the 3rd quarter valued at $2,227,000. Bank of America Corp DE increased its holdings in shares of Fortuna Silver Mines by 15.4% during the 4th quarter. Bank of America Corp DE now owns 927,264 shares of the basic materials company's stock worth $3,978,000 after purchasing an additional 123,720 shares during the period. Legal & General Group Plc raised its position in shares of 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 buying an additional 78,284 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Fortuna Silver Mines during the fourth quarter valued at about $67,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Fortuna Silver Mines in the fourth quarter valued at about $801,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FSM shares. Cibc World Mkts lowered Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th. National Bank Financial upgraded Fortuna Silver Mines to a "hold" rating in a research report on Friday, March 21st. Scotiabank upped their target price on 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. Finally, CIBC cut Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th.

Fortuna Silver Mines Price Performance

NYSE FSM traded down $0.27 on Friday, reaching $7.13. The company's stock had a trading volume of 25,622,860 shares, compared to its average volume of 10,668,138. Fortuna Silver Mines Inc. has a 52 week low of $3.86 and a 52 week high of $7.62. 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 firm has a market cap of $2.19 billion, a PE ratio of 89.14 and a beta of 0.93. The business has a 50-day moving average price of $5.99 and a 200 day moving average price of $5.25.

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 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 company had revenue of $290.15 million for the quarter, compared to analyst estimates of $291.00 million. Sell-side analysts expect that Fortuna Silver Mines Inc. will post 0.51 EPS 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.