Raymond James Financial Inc. Takes Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Raymond James Financial Inc. acquired a new position in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 121,903 shares of the basic materials company's stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Fortuna Silver Mines during the fourth quarter worth about $34,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Fortuna Silver Mines in the fourth quarter valued at approximately $45,000. Bank of Nova Scotia purchased a new position in shares of Fortuna Silver Mines during the 4th quarter worth approximately $46,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Fortuna Silver Mines during the 4th quarter worth approximately $67,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Fortuna Silver Mines in the 4th quarter valued at approximately $68,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FSM shares. National Bank Financial raised shares of Fortuna Silver Mines to a "hold" rating in a research report on Friday, March 21st. CIBC downgraded Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. Scotiabank upped their target price 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. Finally, Cibc World Mkts lowered Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th.

Fortuna Silver Mines Stock Up 6.2 %

Fortuna Silver Mines stock traded up $0.33 during midday trading on Friday, hitting $5.69. The stock had a trading volume of 20,027,056 shares, compared to its average volume of 9,854,770. The business has a fifty day moving average price of $5.86 and a 200 day moving average price of $5.11. 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 $1.75 billion, a P/E ratio of 71.13 and a beta of 1.10. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. The company had revenue of $290.15 million for the quarter, compared to analyst estimates of $291.00 million. Research analysts predict 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.