Geode Capital Management LLC Purchases 7,103 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

Geode Capital Management LLC lifted its holdings in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,408 shares of the basic materials company’s stock after acquiring an additional 7,103 shares during the quarter. Geode Capital Management LLC’s holdings in Fortuna Silver Mines were worth $644,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Fortuna Silver Mines in the fourth quarter valued at approximately $34,000. SeaCrest Wealth Management LLC bought a new position in Fortuna Silver Mines in the 4th quarter valued at $45,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Fortuna Silver Mines in the 4th quarter valued at $67,000. Kingswood Wealth Advisors LLC bought a new stake in shares of Fortuna Silver Mines during the fourth quarter worth $68,000. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Fortuna Silver Mines by 10.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 20,456 shares of the basic materials company’s stock valued at $88,000 after acquiring an additional 2,000 shares during the period. 33.80% of the stock is currently owned by institutional investors.

Fortuna Silver Mines Price Performance

Fortuna Silver Mines stock opened at $5.92 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.82 billion, a P/E ratio of 74.01 and a beta of 1.22. The business has a 50-day moving average of $5.71 and a 200-day moving average of $5.08. Fortuna Silver Mines Inc. has a 1 year low of $3.86 and a 1 year high of $6.78.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The firm had revenue of $302.20 million for the quarter, compared to analyst estimates of $301.65 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. On average, equities analysts anticipate that Fortuna Silver Mines Inc. will post 0.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FSM. CIBC cut Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a report on Tuesday, February 18th. National Bank Financial raised shares of Fortuna Silver Mines to a “hold” rating in a research note on Friday, March 21st. Cibc World Mkts lowered shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 18th. Finally, Scotiabank lifted their target price on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a “sector perform” rating in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.00.

About Fortuna Silver Mines

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.