Russell Investments Group Ltd. Boosts Stake in Fortuna Silver Mines Inc. (NYSE:FSM)

Russell Investments Group Ltd. boosted its stake in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 301.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 817,871 shares of the basic materials company's stock after acquiring an additional 614,383 shares during the period. Russell Investments Group Ltd. owned 0.27% of Fortuna Silver Mines worth $3,509,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FSM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Fortuna Silver Mines during the 3rd quarter valued at about $1,347,000. Franklin Resources Inc. lifted its holdings 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 during the period. Barclays PLC bought a new stake in Fortuna Silver Mines during the 3rd quarter valued at approximately $2,227,000. Public Employees Retirement System of Ohio purchased a new position in shares of Fortuna Silver Mines during the 3rd quarter worth approximately $1,765,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Fortuna Silver Mines in the 4th quarter worth approximately $67,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

Fortuna Silver Mines Stock Down 2.5 %

NYSE:FSM traded down $0.16 during trading hours on Tuesday, reaching $6.15. 16,742,984 shares of the company traded hands, compared to its average volume of 9,458,223. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The business's 50-day moving average price is $5.49 and its two-hundred day moving average price is $5.00. Fortuna Silver Mines Inc. has a 1 year low of $3.86 and a 1 year high of $6.78. The stock has a market capitalization of $1.89 billion, a P/E ratio of 76.88 and a beta of 1.22.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on FSM shares. CIBC lowered Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. National Bank Financial raised shares of Fortuna Silver Mines to a "hold" rating in a research report on Friday, March 21st. Scotiabank increased their price target on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a "sector perform" rating in a research note 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 research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $7.00.

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.