State of Tennessee Department of Treasury Increases Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

State of Tennessee Department of Treasury increased its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 96.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 94,711 shares of the basic materials company's stock after buying an additional 46,428 shares during the period. State of Tennessee Department of Treasury's holdings in Fortuna Silver Mines were worth $406,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Fortuna Silver Mines by 10.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,402,119 shares of the basic materials company's stock worth $36,043,000 after buying an additional 796,364 shares during the period. American Century Companies Inc. boosted its holdings in shares of Fortuna Silver Mines by 15.3% in the fourth quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company's stock worth $21,625,000 after acquiring an additional 668,590 shares during the period. Euro Pacific Asset Management LLC raised 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 valued at $18,792,000 after purchasing an additional 50,402 shares during the period. Renaissance Technologies LLC lifted its holdings in Fortuna Silver Mines by 14.0% during the 4th quarter. Renaissance Technologies LLC now owns 4,233,900 shares of the basic materials company's stock worth $18,163,000 after purchasing an additional 520,100 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in 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 worth $9,305,000 after purchasing an additional 845,900 shares during the period. Institutional investors own 33.80% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FSM shares. CIBC cut Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. Scotiabank boosted 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. National Bank Financial upgraded Fortuna Silver Mines to a "hold" rating in a research report on Friday, March 21st. Finally, Cibc World Mkts lowered Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $7.00.

Fortuna Silver Mines Price Performance

Shares of FSM stock traded down $0.80 during trading hours on Thursday, hitting $5.37. 19,897,484 shares of the company's stock were exchanged, compared to its average volume of 9,812,119. The company has a market capitalization of $1.65 billion, a PE ratio of 67.07 and a beta of 1.10. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines Inc. has a 12-month low of $3.86 and a 12-month high of $6.78. The business's 50 day simple moving average is $5.81 and its 200-day simple moving average is $5.11.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $291.00 million. On average, equities research analysts anticipate 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.