Legal & General Group Plc Boosts Stock Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Legal & General Group Plc raised its position in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 863,406 shares of the basic materials company’s stock after buying an additional 78,284 shares during the quarter. Legal & General Group Plc owned about 0.28% of Fortuna Silver Mines worth $3,704,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Fortuna Silver Mines in the 4th quarter worth about $34,000. SeaCrest Wealth Management LLC bought a new position in Fortuna Silver Mines during the fourth quarter worth about $45,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Fortuna Silver Mines in the fourth quarter valued at approximately $67,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Fortuna Silver Mines during the 4th quarter valued at approximately $68,000. Finally, Commonwealth Equity Services LLC boosted its holdings in Fortuna Silver Mines by 10.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 20,456 shares of the basic materials company’s stock worth $88,000 after buying an additional 2,000 shares during the period. 33.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FSM has been the topic of a number of analyst reports. Scotiabank boosted their target price on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the company a “sector perform” rating in a report on Monday, April 14th. Cibc World Mkts cut Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 18th. CIBC downgraded Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research note on Tuesday, February 18th. Finally, National Bank Financial upgraded Fortuna Silver Mines to a “hold” rating in a research report on Friday, March 21st. Two 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. Based on data from MarketBeat, Fortuna Silver Mines presently has a consensus rating of “Hold” and an average price target of $7.00.

Fortuna Silver Mines Trading Down 2.5 %

Fortuna Silver Mines stock opened at $6.15 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. Fortuna Silver Mines Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $6.78. The stock has a market cap of $1.89 billion, a P/E ratio of 76.88 and a beta of 1.22. The firm’s fifty day moving average price is $5.49 and its 200-day moving average price is $5.00.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its earnings results on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The business had revenue of $302.20 million during the quarter, compared to the consensus estimate of $301.65 million. Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. Equities research analysts forecast that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal year.

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.