Tidal Investments LLC Raises Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Tidal Investments LLC boosted its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 40.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,542,803 shares of the basic materials company's stock after purchasing an additional 2,165,430 shares during the quarter. Tidal Investments LLC owned about 2.46% of Fortuna Silver Mines worth $32,359,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its holdings in shares of Fortuna Silver Mines by 10.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 20,456 shares of the basic materials company's stock valued at $88,000 after acquiring an additional 2,000 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in Fortuna Silver Mines by 24.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 12,440 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 2,440 shares during the last quarter. Optiver Holding B.V. purchased a new position in Fortuna Silver Mines in the 4th quarter worth about $26,000. Geode Capital Management LLC raised its stake in shares of Fortuna Silver Mines by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 148,408 shares of the basic materials company's stock valued at $644,000 after acquiring an additional 7,103 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. lifted its holdings 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 buying an additional 7,644 shares during the period. Institutional investors own 33.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports 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. Cibc World Mkts lowered Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 18th. National Bank Financial raised Fortuna Silver Mines to a "hold" rating in a research report on Friday, March 21st. Finally, 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 note on Monday, April 14th.

Fortuna Silver Mines Stock Up 2.2%

Shares of NYSE FSM traded up $0.12 during trading hours on Tuesday, hitting $5.66. 11,375,709 shares of the stock were exchanged, compared to its average volume of 10,075,803. Fortuna Silver Mines Inc. has a 12 month low of $3.86 and a 12 month high of $6.78. The firm has a fifty day moving average price of $5.94 and a 200-day moving average price of $5.13. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.74 billion, a PE ratio of 70.76 and a beta of 1.10.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. The business had revenue of $290.15 million for the quarter, compared to analyst estimates of $291.00 million. On average, 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.