Fortuna Silver Mines Inc. (NYSE:FSM) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 7.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,396,826 shares of the basic materials company's stock after purchasing an additional 2,361,636 shares during the quarter. Van ECK Associates Corp owned about 10.57% of Fortuna Silver Mines worth $125,050,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FSM. Ruffer LLP boosted its holdings in Fortuna Silver Mines by 59.0% in the third quarter. Ruffer LLP now owns 3,368,940 shares of the basic materials company's stock valued at $9,206,000 after purchasing an additional 1,250,000 shares in the last quarter. Maven Securities LTD acquired a new position in Fortuna Silver Mines in the third quarter valued at approximately $1,952,000. Assenagon Asset Management S.A. acquired a new stake in shares of Fortuna Silver Mines in the third quarter valued at approximately $1,125,000. Klein Pavlis & Peasley Financial Inc. acquired a new stake in shares of Fortuna Silver Mines in the fourth quarter valued at approximately $1,220,000. Finally, Jump Financial LLC boosted its holdings in shares of Fortuna Silver Mines by 691.4% in the third quarter. Jump Financial LLC now owns 337,242 shares of the basic materials company's stock valued at $917,000 after acquiring an additional 294,631 shares during the period. 33.80% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines Stock Performance

Shares of FSM stock traded down $0.15 during trading hours on Tuesday, hitting $4.55. The stock had a trading volume of 5,798,331 shares, compared to its average volume of 5,687,745. The firm has a market capitalization of $1.39 billion, a PE ratio of -28.41 and a beta of 1.63. Fortuna Silver Mines Inc. has a twelve month low of $2.58 and a twelve month high of $4.94. The stock's 50 day moving average is $3.77 and its 200 day moving average is $3.52. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 0.89.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Fortuna Silver Mines from a "buy" rating to a "hold" rating in a report on Monday, April 15th. Scotiabank increased their price objective on Fortuna Silver Mines from $4.00 to $4.75 and gave the company a "sector perform" rating in a report on Monday, April 8th. Finally, TheStreet downgraded Fortuna Silver Mines from a "c-" rating to a "d" rating in a report on Thursday, March 7th.

Fortuna Silver Mines Company 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.