NewEdge Advisors LLC Raises Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

NewEdge Advisors LLC raised its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 19.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 379,800 shares of the basic materials company's stock after buying an additional 63,100 shares during the period. NewEdge Advisors LLC owned about 0.12% of Fortuna Silver Mines worth $1,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC bought a new position in Fortuna Silver Mines in the third quarter worth approximately $2,227,000. Geode Capital Management LLC increased 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 worth $660,000 after purchasing an additional 5,858 shares in the last quarter. Tidal Investments LLC raised its holdings in Fortuna Silver Mines by 1.8% in the 3rd quarter. Tidal Investments LLC now owns 5,377,373 shares of the basic materials company's stock worth $24,897,000 after purchasing an additional 92,764 shares during the period. Synovus Financial Corp purchased a new position in Fortuna Silver Mines during the third quarter valued at $146,000. Finally, Franklin Resources Inc. grew its holdings in Fortuna Silver Mines by 616.1% during the third quarter. Franklin Resources Inc. now owns 253,500 shares of the basic materials company's stock valued at $1,231,000 after purchasing an additional 218,100 shares during the period. 33.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FSM shares. Scotiabank boosted their price objective 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 raised shares of Fortuna Silver Mines to a "hold" rating in a report on Friday, March 21st. CIBC downgraded Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research note on Tuesday, February 18th. Finally, Cibc World Mkts downgraded Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 18th. Two research 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $7.00.

Fortuna Silver Mines Trading Down 1.9 %

Fortuna Silver Mines stock traded down $0.12 during midday trading on Tuesday, reaching $6.06. The stock had a trading volume of 2,092,445 shares, compared to its average volume of 9,533,573. Fortuna Silver Mines Inc. has a 52-week low of $3.86 and a 52-week high of $6.78. The company has a fifty day moving average of $5.59 and a 200 day moving average of $5.05. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 75.82 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 released its earnings results on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share 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 analysts' expectations 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 anticipate that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal year.

About Fortuna Silver Mines

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.