Two Sigma Advisers LP Has $6.71 Million Stake in Fortuna Silver Mines Inc. (NYSE:FSM)

Two Sigma Advisers LP lowered its stake in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 40.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,564,000 shares of the basic materials company's stock after selling 1,082,900 shares during the quarter. Two Sigma Advisers LP owned about 0.51% of Fortuna Silver Mines worth $6,710,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC raised its holdings in shares of Fortuna Silver Mines by 40.3% during the fourth 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 period. Invesco Ltd. boosted its stake in Fortuna Silver Mines by 1,558.0% in the 4th quarter. Invesco Ltd. now owns 1,940,748 shares of the basic materials company's stock worth $8,326,000 after purchasing an additional 1,823,695 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in Fortuna Silver Mines by 17.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 8,340,195 shares of the basic materials company's stock worth $35,779,000 after purchasing an additional 1,219,864 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Fortuna Silver Mines by 63.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,170,700 shares of the basic materials company's stock valued at $9,305,000 after purchasing an additional 845,900 shares during the period. Finally, Man Group plc lifted its holdings in shares of Fortuna Silver Mines by 127.3% in the fourth quarter. Man Group plc now owns 1,485,494 shares of the basic materials company's stock valued at $6,373,000 after purchasing an additional 831,994 shares in the last quarter. Institutional investors own 33.80% of the company's stock.

Wall Street Analyst Weigh In

FSM has been the subject of a number of research reports. CIBC downgraded Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a report on Tuesday, February 18th. Cibc World Mkts downgraded Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 18th. Scotiabank raised 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. Finally, National Bank Financial raised shares of Fortuna Silver Mines to a "hold" rating in a research report on Friday, March 21st.

Fortuna Silver Mines Stock Up 2.1%

NYSE:FSM traded up $0.12 on Wednesday, hitting $5.96. 15,585,867 shares of the company's stock were exchanged, compared to its average volume of 10,231,604. The firm has a 50-day moving average price of $5.94 and a 200-day moving average price of $5.17. Fortuna Silver Mines Inc. has a 52 week low of $3.86 and a 52 week high of $6.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37. The company has a market cap of $1.83 billion, a P/E ratio of 74.51 and a beta of 1.10.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $290.15 million for the quarter, compared to the consensus estimate 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 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.