Legal & General Group Plc Acquires 78,284 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

Legal & General Group Plc lifted its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 863,406 shares of the basic materials company's stock after purchasing an additional 78,284 shares during the period. Legal & General Group Plc owned 0.28% of Fortuna Silver Mines worth $3,704,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC bought a new position in Fortuna Silver Mines in the third quarter worth about $2,227,000. Geode Capital Management LLC raised its stake in Fortuna Silver Mines by 4.3% in the third quarter. Geode Capital Management LLC now owns 141,305 shares of the basic materials company's stock worth $660,000 after buying an additional 5,858 shares in the last quarter. Tidal Investments LLC raised its stake in Fortuna Silver Mines by 1.8% in the third quarter. Tidal Investments LLC now owns 5,377,373 shares of the basic materials company's stock worth $24,897,000 after buying an additional 92,764 shares in the last quarter. Synovus Financial Corp bought a new position in Fortuna Silver Mines in the third quarter worth about $146,000. Finally, Franklin Resources Inc. raised its stake in Fortuna Silver Mines by 616.1% in the third quarter. Franklin Resources Inc. now owns 253,500 shares of the basic materials company's stock worth $1,231,000 after buying an additional 218,100 shares in the last quarter. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts 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. National Bank Financial upgraded shares of Fortuna Silver Mines to a "hold" rating in a report on Friday, March 21st. Scotiabank lifted their target price on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Finally, Cibc World Mkts lowered shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.00.

Fortuna Silver Mines Stock Up 1.8 %

Shares of FSM stock traded up $0.11 during trading hours on Monday, hitting $6.17. 11,853,403 shares of the company's stock traded hands, compared to its average volume of 9,561,878. The stock's fifty day simple moving average is $5.59 and its two-hundred day simple moving average is $5.05. Fortuna Silver Mines Inc. has a 12-month low of $3.86 and a 12-month high of $6.78. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 77.13 and a beta of 1.22. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last posted its earnings results on Wednesday, March 5th. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.09). The business had revenue of $302.20 million during the quarter, compared to the consensus estimate of $301.65 million. Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. On average, analysts expect that Fortuna Silver Mines Inc. will post 0.51 EPS for the current 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.