Commonwealth Equity Services LLC decreased its stake in Fortuna Silver Mines Inc. (NYSE:FSM – Free Report) (TSE:FVI) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 610,691 shares of the basic materials company’s stock after selling 23,296 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.21% of Fortuna Silver Mines worth $2,332,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of FSM. Citigroup Inc. lifted its stake in Fortuna Silver Mines by 5.6% in the 1st quarter. Citigroup Inc. now owns 86,933 shares of the basic materials company’s stock valued at $331,000 after buying an additional 4,601 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of Fortuna Silver Mines by 27.9% in the first quarter. Guggenheim Capital LLC now owns 411,766 shares of the basic materials company’s stock valued at $1,573,000 after acquiring an additional 89,857 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Fortuna Silver Mines in the first quarter worth approximately $143,000. Metis Global Partners LLC increased its position in shares of Fortuna Silver Mines by 55.2% during the first quarter. Metis Global Partners LLC now owns 80,278 shares of the basic materials company’s stock worth $306,000 after purchasing an additional 28,555 shares in the last quarter. Finally, Jump Financial LLC raised its stake in Fortuna Silver Mines by 911.6% in the 1st quarter. Jump Financial LLC now owns 154,104 shares of the basic materials company’s stock valued at $589,000 after purchasing an additional 138,871 shares during the last quarter. Hedge funds and other institutional investors own 31.19% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on FSM shares. StockNews.com started coverage on shares of Fortuna Silver Mines in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Scotiabank started coverage on shares of Fortuna Silver Mines in a research note on Tuesday, May 30th. They set a “sector perform” rating for the company. Finally, National Bank Financial decreased their target price on shares of Fortuna Silver Mines from C$7.25 to C$6.75 in a research note on Friday, July 21st.
Fortuna Silver Mines Stock Down 1.6 %
NYSE FSM opened at $2.84 on Thursday. The business’s fifty day simple moving average is $3.24 and its 200-day simple moving average is $3.42. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.25. The firm has a market cap of $824.74 million, a PE ratio of -5.91 and a beta of 1.35. Fortuna Silver Mines Inc. has a 52 week low of $2.05 and a 52 week high of $4.20.
Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last issued its earnings results on Wednesday, August 9th. The basic materials company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Fortuna Silver Mines had a positive return on equity of 1.92% and a negative net margin of 22.51%. The firm had revenue of $158.40 million for the quarter, compared to analysts’ expectations of $163.00 million. As a group, equities analysts anticipate that Fortuna Silver Mines Inc. will post 0.21 earnings per share for the current 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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