Invesco Ltd. Acquires 1,823,695 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

Invesco Ltd. boosted its stake in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 1,558.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,940,748 shares of the basic materials company's stock after acquiring an additional 1,823,695 shares during the quarter. Invesco Ltd. owned 0.63% of Fortuna Silver Mines worth $8,326,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake 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 purchasing an additional 2,000 shares during the period. Geode Capital Management LLC raised its stake in shares of Fortuna Silver Mines by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 141,305 shares of the basic materials company's stock valued at $660,000 after purchasing an additional 5,858 shares during the period. Klein Pavlis & Peasley Financial Inc. raised 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 valued at $1,233,000 after purchasing an additional 7,644 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Fortuna Silver Mines in the 4th quarter valued at about $34,000. Finally, SG Americas Securities LLC raised its stake in shares of Fortuna Silver Mines by 61.8% in the 4th quarter. SG Americas Securities LLC now owns 22,207 shares of the basic materials company's stock valued at $95,000 after purchasing an additional 8,484 shares during the period. 33.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Fortuna Silver Mines Trading Down 1.4 %

Shares of Fortuna Silver Mines stock traded down $0.09 during midday trading on Tuesday, reaching $6.09. The company had a trading volume of 1,035,337 shares, compared to its average volume of 9,529,666. The stock has a fifty day moving average price of $5.59 and a 200 day moving average price of $5.05. 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 firm has a market cap of $1.87 billion, a PE ratio of 76.20 and a beta of 1.22. Fortuna Silver Mines Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $6.78.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last issued its quarterly earnings results on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. The business had revenue of $302.20 million during the quarter, compared to analyst estimates of $301.65 million. On average, equities 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.