Public Employees Retirement System of Ohio Purchases 272,547 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

Public Employees Retirement System of Ohio increased its stake in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 71.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 651,688 shares of the basic materials company's stock after purchasing an additional 272,547 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.21% of Fortuna Silver Mines worth $2,796,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FSM. Vanguard Capital Wealth Advisors purchased a new position in Fortuna Silver Mines in the 4th quarter valued at approximately $67,000. Vident Advisory LLC lifted its holdings in shares of Fortuna Silver Mines by 11.0% during the 4th quarter. Vident Advisory LLC now owns 186,703 shares of the basic materials company's stock worth $801,000 after acquiring an additional 18,523 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Fortuna Silver Mines by 40.3% during the 4th quarter. Tidal Investments LLC now owns 7,542,803 shares of the basic materials company's stock worth $32,359,000 after acquiring an additional 2,165,430 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Fortuna Silver Mines in the fourth quarter worth $97,000. Finally, Point72 Asset Management L.P. bought a new stake in Fortuna Silver Mines in the fourth quarter worth $2,075,000. Institutional investors own 33.80% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on FSM shares. CIBC downgraded shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research note on Tuesday, February 18th. Scotiabank boosted their price target on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. National Bank Financial raised shares of Fortuna Silver Mines to a "hold" rating in a research note on Friday, March 21st. Finally, 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.

Fortuna Silver Mines Trading Up 0.7%

Shares of NYSE FSM traded up $0.05 during midday trading on Wednesday, hitting $6.73. 26,691,551 shares of the company traded hands, compared to its average volume of 10,595,948. Fortuna Silver Mines Inc. has a 12-month low of $3.86 and a 12-month high of $6.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The stock has a 50-day moving average price of $5.96 and a 200 day moving average price of $5.24. The firm has a market cap of $2.07 billion, a P/E ratio of 84.14 and a beta of 1.10.

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 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 10.08% and a net margin of 2.45%. As a group, 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.