Raymond James & Associates Has $249,000 Stock Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Raymond James & Associates lifted its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 160.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 64,485 shares of the basic materials company’s stock after buying an additional 39,682 shares during the period. Raymond James & Associates’ holdings in Fortuna Silver Mines were worth $249,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Van ECK Associates Corp grew its stake in Fortuna Silver Mines by 0.5% during the third quarter. Van ECK Associates Corp now owns 30,035,190 shares of the basic materials company’s stock worth $81,767,000 after buying an additional 135,263 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Fortuna Silver Mines by 2.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,420,338 shares of the basic materials company’s stock worth $20,307,000 after acquiring an additional 155,286 shares in the last quarter. Euro Pacific Asset Management LLC boosted its position in shares of Fortuna Silver Mines by 2.2% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 4,579,271 shares of the basic materials company’s stock worth $12,460,000 after acquiring an additional 100,307 shares in the last quarter. Ruffer LLP increased its stake 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 acquiring an additional 1,250,000 shares during the last quarter. Finally, Sprott Inc. raised its position in Fortuna Silver Mines by 15.1% during the third quarter. Sprott Inc. now owns 2,162,034 shares of the basic materials company’s stock valued at $5,881,000 after purchasing an additional 283,809 shares in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines Price Performance

Shares of NYSE:FSM opened at $4.69 on Tuesday. The firm has a 50 day simple moving average of $3.73 and a 200 day simple moving average of $3.50. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -29.31 and a beta of 1.63. Fortuna Silver Mines Inc. has a one year low of $2.58 and a one year high of $4.94. 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) (TSE:FVI) last announced its quarterly earnings results on Wednesday, March 6th. The basic materials company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Fortuna Silver Mines had a negative net margin of 5.99% and a positive return on equity of 5.03%. The firm had revenue of $265.31 million during the quarter. Research analysts predict that Fortuna Silver Mines Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Scotiabank raised their target price 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. StockNews.com lowered Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Finally, TheStreet cut Fortuna Silver Mines from a “c-” rating to a “d” rating in a research 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.