U S Global Investors Inc. Buys New Shares in Fortuna Silver Mines Inc. (NYSE:FSM)

U S Global Investors Inc. bought a new stake in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 220,000 shares of the basic materials company's stock, valued at approximately $849,000. U S Global Investors Inc. owned 0.07% of Fortuna Silver Mines as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Kingswood Wealth Advisors LLC bought a new position in Fortuna Silver Mines in the fourth quarter valued at about $100,000. Raymond James & Associates raised its stake in shares of Fortuna Silver Mines by 160.0% in the fourth quarter. Raymond James & Associates now owns 64,485 shares of the basic materials company's stock worth $249,000 after buying an additional 39,682 shares during the period. SG Americas Securities LLC bought a new position in shares of Fortuna Silver Mines in the fourth quarter worth about $82,000. Klein Pavlis & Peasley Financial Inc. bought a new position in shares of Fortuna Silver Mines in the fourth quarter worth about $1,220,000. Finally, Public Sector Pension Investment Board raised its stake in shares of Fortuna Silver Mines by 0.8% in the third quarter. Public Sector Pension Investment Board now owns 628,534 shares of the basic materials company's stock worth $1,720,000 after buying an additional 5,194 shares during the period. Institutional investors own 33.80% of the company's stock.

Fortuna Silver Mines Trading Down 0.8 %

FSM traded down $0.04 during trading hours on Thursday, reaching $4.54. 13,300,264 shares of the company's stock traded hands, compared to its average volume of 5,369,042. The firm has a 50-day moving average price of $3.20 and a 200 day moving average price of $3.28. Fortuna Silver Mines Inc. has a 52-week low of $2.58 and a 52-week high of $4.70. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.39 billion, a PE ratio of -28.34 and a beta of 1.64.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last issued its earnings results on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The firm had revenue of $265.31 million for the quarter. Fortuna Silver Mines had a negative net margin of 5.99% and a positive return on equity of 5.03%. As a group, sell-side analysts predict that Fortuna Silver Mines Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. TheStreet downgraded Fortuna Silver Mines from a "c-" rating to a "d" rating in a research note on Thursday, March 7th. StockNews.com cut Fortuna Silver Mines from a "buy" rating to a "hold" rating in a report on Tuesday, February 27th.

Fortuna Silver Mines Profile

Fortuna Silver Mines Inc 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.