Metis Global Partners LLC boosted its position in Fortuna Silver Mines Inc. (NYSE:FSM – Free Report) (TSE:FVI) by 55.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,278 shares of the basic materials company’s stock after purchasing an additional 28,555 shares during the period. Metis Global Partners LLC’s holdings in Fortuna Silver Mines were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in shares of Fortuna Silver Mines by 9.9% during the 1st quarter. Van ECK Associates Corp now owns 33,098,915 shares of the basic materials company’s stock valued at $126,436,000 after acquiring an additional 2,974,014 shares during the period. American Century Companies Inc. lifted its position in shares of Fortuna Silver Mines by 25.7% during the 4th quarter. American Century Companies Inc. now owns 3,335,790 shares of the basic materials company’s stock valued at $12,517,000 after acquiring an additional 682,110 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Fortuna Silver Mines by 15.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,090,550 shares of the basic materials company’s stock valued at $11,588,000 after acquiring an additional 419,254 shares during the period. Renaissance Technologies LLC lifted its position in shares of Fortuna Silver Mines by 446.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,854,900 shares of the basic materials company’s stock valued at $5,268,000 after acquiring an additional 1,515,300 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of Fortuna Silver Mines by 176.3% during the 4th quarter. Deutsche Bank AG now owns 1,143,695 shares of the basic materials company’s stock valued at $4,289,000 after acquiring an additional 729,773 shares during the period. Institutional investors and hedge funds own 29.37% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th. Scotiabank began coverage on Fortuna Silver Mines in a research report on Tuesday, May 30th. They set a “sector perform” rating for the company. Finally, National Bank Financial cut their price objective on Fortuna Silver Mines from C$7.25 to C$6.75 in a research report on Friday, July 21st.
Fortuna Silver Mines Trading Up 3.1 %
Shares of Fortuna Silver Mines stock opened at $3.00 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.90 and a quick ratio of 1.26. Fortuna Silver Mines Inc. has a 1 year low of $2.05 and a 1 year high of $4.20. The company has a market capitalization of $872.76 million, a P/E ratio of -6.25 and a beta of 1.31. The business has a 50 day moving average price of $3.36 and a 200 day moving average price of $3.51.
Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last issued its quarterly earnings data on Wednesday, August 9th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $158.40 million for the quarter, compared to analyst estimates of $163.00 million. Fortuna Silver Mines had a positive return on equity of 1.91% and a negative net margin of 22.51%. Sell-side analysts anticipate that Fortuna Silver Mines Inc. will post 0.27 EPS for the current fiscal year.
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 holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine located in southern Mexico; the Lindero gold project located in Northern Argentina; Yaramoko gold mine located in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.
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