Nuveen Asset Management LLC Boosts Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Nuveen Asset Management LLC grew its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 29.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 303,857 shares of the basic materials company's stock after purchasing an additional 68,350 shares during the period. Nuveen Asset Management LLC owned 0.10% of Fortuna Silver Mines worth $1,304,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Optiver Holding B.V. acquired a new stake in shares of Fortuna Silver Mines in the fourth quarter worth approximately $26,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Fortuna Silver Mines in the fourth quarter worth approximately $34,000. Bank of Nova Scotia acquired a new stake in shares of Fortuna Silver Mines in the fourth quarter worth approximately $46,000. TD Waterhouse Canada Inc. boosted its position in shares of Fortuna Silver Mines by 24.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 12,440 shares of the basic materials company's stock worth $53,000 after acquiring an additional 2,440 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Fortuna Silver Mines in the fourth quarter worth approximately $57,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Fortuna Silver Mines Trading Down 3.6%

FSM stock traded down $0.27 during midday trading on Friday, reaching $7.13. 25,622,901 shares of the company's stock traded hands, compared to its average volume of 10,605,929. The company has a market capitalization of $2.19 billion, a P/E ratio of 89.14 and a beta of 0.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37. Fortuna Silver Mines Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $7.55. The business has a 50-day moving average price of $6.01 and a two-hundred day moving average price of $5.27.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business had revenue of $290.15 million for the quarter, compared to analyst estimates of $291.00 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. Equities research analysts forecast that Fortuna Silver Mines Inc. will post 0.51 EPS for the current fiscal year.

Fortuna Silver Mines 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.