121,903 Shares in Fortuna Silver Mines Inc. (NYSE:FSM) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 121,903 shares of the basic materials company’s stock, valued at approximately $523,000.

Other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in shares of Fortuna Silver Mines by 19.6% during the third quarter. Toronto Dominion Bank now owns 31,983 shares of the basic materials company’s stock valued at $148,000 after buying an additional 5,240 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Fortuna Silver Mines by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 141,305 shares of the basic materials company’s stock worth $660,000 after purchasing an additional 5,858 shares during the period. Klein Pavlis & Peasley Financial Inc. increased its holdings in shares of Fortuna Silver Mines by 2.7% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 287,357 shares of the basic materials company’s stock valued at $1,233,000 after purchasing an additional 7,644 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Fortuna Silver Mines by 61.8% during the fourth quarter. SG Americas Securities LLC now owns 22,207 shares of the basic materials company’s stock worth $95,000 after buying an additional 8,484 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Fortuna Silver Mines by 2.3% in the fourth quarter. CIBC Asset Management Inc now owns 384,567 shares of the basic materials company’s stock worth $1,647,000 after acquiring an additional 8,633 shares during the period. Institutional investors own 33.80% of the company’s stock.

Fortuna Silver Mines Trading Down 0.1 %

Shares of NYSE:FSM opened at $5.37 on Tuesday. The company has a market cap of $1.64 billion, a PE ratio of 67.07 and a beta of 1.22. The company’s 50 day moving average is $5.24 and its two-hundred day moving average is $4.89. Fortuna Silver Mines Inc. has a 52 week low of $3.86 and a 52 week high of $6.50. 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) (TSE:FVI) last posted its earnings results on Wednesday, March 5th. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The company had revenue of $302.20 million during the quarter, compared to analysts’ expectations of $301.65 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. Equities analysts predict that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on FSM shares. Scotiabank dropped their price objective on Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 15th. Cibc World Mkts cut shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 18th. National Bank Financial upgraded Fortuna Silver Mines to a “hold” rating in a research note on Friday, March 21st. Finally, CIBC downgraded Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Fortuna Silver Mines presently has an average rating of “Hold” and a consensus price target of $6.00.

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.