Point72 Asset Management L.P. Purchases Shares of 483,715 Fortuna Silver Mines Inc. (NYSE:FSM)

Point72 Asset Management L.P. bought a new stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 483,715 shares of the basic materials company's stock, valued at approximately $2,075,000. Point72 Asset Management L.P. owned about 0.16% of Fortuna Silver Mines at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC bought a new stake in Fortuna Silver Mines during the third quarter valued at approximately $2,227,000. SG Americas Securities LLC boosted its stake in shares of Fortuna Silver Mines by 61.8% during the 4th quarter. SG Americas Securities LLC now owns 22,207 shares of the basic materials company's stock worth $95,000 after acquiring an additional 8,484 shares during the last quarter. Euro Pacific Asset Management LLC boosted its stake in shares of Fortuna Silver Mines by 1.2% during the 4th quarter. Euro Pacific Asset Management LLC now owns 4,365,085 shares of the basic materials company's stock worth $18,792,000 after acquiring an additional 50,402 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of Fortuna Silver Mines during the 4th quarter valued at $68,000. Finally, Klein Pavlis & Peasley Financial Inc. increased its stake in shares of Fortuna Silver Mines by 2.7% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 287,357 shares of the basic materials company's stock worth $1,233,000 after purchasing an additional 7,644 shares in the last quarter. 33.80% of the stock is owned by institutional investors.

Fortuna Silver Mines Price Performance

Fortuna Silver Mines stock traded up $0.04 during mid-day trading on Monday, hitting $5.84. The stock had a trading volume of 15,927,246 shares, compared to its average volume of 10,183,348. Fortuna Silver Mines Inc. has a one year low of $3.86 and a one 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 firm has a market capitalization of $1.79 billion, a P/E ratio of 72.95 and a beta of 1.10. The firm's 50 day moving average is $5.94 and its 200 day moving average is $5.15.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last announced its quarterly earnings data 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 business had revenue of $290.15 million during 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%. On average, sell-side analysts forecast that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.