American Century Companies Inc. purchased a new position in shares of Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 140,700 shares of the basic materials company’s stock, valued at approximately $733,000. American Century Companies Inc. owned 0.09% of Fortuna Silver Mines as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Trexquant Investment LP purchased a new position in shares of Fortuna Silver Mines during the 1st quarter worth $201,000. Global X Management Co. LLC raised its holdings in Fortuna Silver Mines by 7.1% in the 1st quarter. Global X Management Co. LLC now owns 2,307,534 shares of the basic materials company’s stock valued at $12,028,000 after buying an additional 153,568 shares during the period. Two Sigma Investments LP purchased a new stake in Fortuna Silver Mines in the 4th quarter valued at about $1,032,000. Two Sigma Advisers LP purchased a new stake in Fortuna Silver Mines in the 4th quarter valued at about $681,000. Finally, CoreCommodity Management LLC purchased a new stake in Fortuna Silver Mines in the 4th quarter valued at about $608,000. Institutional investors and hedge funds own 41.39% of the company’s stock.
Several brokerages recently issued reports on FSM. Zacks Investment Research upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a report on Thursday, March 29th. ValuEngine lowered shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. National Bank Financial lowered shares of Fortuna Silver Mines from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Wednesday, May 9th. Finally, TheStreet upgraded shares of Fortuna Silver Mines from a “c+” rating to a “b” rating in a research note on Wednesday, March 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.88.
NYSE:FSM traded up $0.17 on Thursday, reaching $5.71. 1,480,615 shares of the company’s stock were exchanged, compared to its average volume of 923,339. Fortuna Silver Mines Inc has a 52-week low of $4.03 and a 52-week high of $6.08. The firm has a market capitalization of $876.41 million, a PE ratio of 18.42 and a beta of -0.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.39 and a quick ratio of 5.02.
Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Wednesday, May 9th. The basic materials company reported $0.09 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.09. Fortuna Silver Mines had a return on equity of 8.71% and a net margin of 24.53%. The business had revenue of $70.40 million during the quarter, compared to the consensus estimate of $63.00 million. During the same period in the previous year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. analysts expect that Fortuna Silver Mines Inc will post 0.21 EPS for the current fiscal year.
Fortuna Silver Mines Profile
Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. It explores for silver, gold, lead, and zinc deposits. The company holds interests in the Caylloma mine located in southern Peru; and the San Jose mine situated in the state of Oaxaca in southern Mexico.
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