Vanguard Capital Wealth Advisors bought a new stake in Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,825 shares of the basic materials company’s stock, valued at approximately $126,000.
A number of other large investors have also bought and sold shares of FSM. Mirae Asset Global Investments Co. Ltd. acquired a new position in Fortuna Silver Mines during the 4th quarter worth $10,127,000. Global Strategic Management Inc. purchased a new stake in Fortuna Silver Mines during the 4th quarter worth about $6,013,000. Deutsche Bank AG lifted its holdings in Fortuna Silver Mines by 261.7% during the 4th quarter. Deutsche Bank AG now owns 2,210,977 shares of the basic materials company’s stock worth $8,047,000 after buying an additional 1,599,642 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Fortuna Silver Mines by 32.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,867,342 shares of the basic materials company’s stock worth $10,497,000 after buying an additional 698,716 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in Fortuna Silver Mines by 38.1% during the 3rd quarter. Morgan Stanley now owns 2,301,755 shares of the basic materials company’s stock worth $10,059,000 after buying an additional 635,296 shares during the last quarter. Institutional investors own 45.01% of the company’s stock.
A number of analysts have issued reports on FSM shares. Canaccord Genuity raised Fortuna Silver Mines from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. They noted that the move was a valuation call. Zacks Investment Research raised Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. CIBC downgraded Fortuna Silver Mines from a “sector outperform” rating to a “neutral” rating in a report on Tuesday, March 5th. Finally, ValuEngine downgraded Fortuna Silver Mines from a “hold” rating to a “sell” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $6.25.
FSM traded down $0.06 on Wednesday, hitting $2.51. 1,339,200 shares of the company traded hands, compared to its average volume of 1,098,371. The company has a quick ratio of 3.34, a current ratio of 2.71 and a debt-to-equity ratio of 0.13. Fortuna Silver Mines Inc has a 12-month low of $2.47 and a 12-month high of $5.94. The company has a market cap of $414.87 million, a PE ratio of 10.46 and a beta of 0.15.
Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its earnings results on Tuesday, May 14th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). Fortuna Silver Mines had a return on equity of 4.94% and a net margin of 8.90%. The business had revenue of $59.00 million for the quarter, compared to analyst estimates of $62.60 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue for the quarter was down 16.2% on a year-over-year basis. As a group, sell-side analysts expect that Fortuna Silver Mines Inc will post 0.11 EPS for the current fiscal year.
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Fortuna Silver Mines Company Profile
Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.
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