National Bank of Canada FI raised its stake in Fortuna Silver Mines Inc. (NYSE:FSM – Free Report) (TSE:FVI) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,117,873 shares of the basic materials company’s stock after purchasing an additional 80,856 shares during the period. National Bank of Canada FI’s holdings in Fortuna Silver Mines were worth $4,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the stock. Rathbones Group PLC purchased a new stake in shares of Fortuna Silver Mines in the 3rd quarter valued at about $34,000. SG Americas Securities LLC acquired a new stake in shares of Fortuna Silver Mines in the fourth quarter valued at approximately $82,000. Private Advisor Group LLC purchased a new position in shares of Fortuna Silver Mines during the third quarter worth approximately $66,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Fortuna Silver Mines in the 4th quarter valued at $100,000. Finally, HTLF Bank purchased a new stake in Fortuna Silver Mines in the 4th quarter valued at $112,000. Institutional investors and hedge funds own 33.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. StockNews.com upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research note on Wednesday. Scotiabank upped their price objective on Fortuna Silver Mines from $4.00 to $4.75 and gave the company a “sector perform” rating in a research note on Monday, April 8th. Finally, TheStreet downgraded Fortuna Silver Mines from a “c-” rating to a “d” rating in a research note on Thursday, March 7th.
Check Out Our Latest Stock Report on Fortuna Silver Mines
Fortuna Silver Mines Stock Performance
Shares of FSM opened at $5.21 on Friday. The stock has a market capitalization of $1.59 billion, a P/E ratio of -47.36 and a beta of 1.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.89 and a current ratio of 1.27. Fortuna Silver Mines Inc. has a 1 year low of $2.58 and a 1 year high of $5.27. The company’s fifty day moving average is $4.14 and its two-hundred day moving average is $3.63.
Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last issued its quarterly earnings results on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $265.31 million for the quarter. Fortuna Silver Mines had a positive return on equity of 6.04% and a negative net margin of 3.94%. On average, sell-side analysts predict that Fortuna Silver Mines Inc. will post 0.08 earnings per share for the current year.
Fortuna Silver Mines Company Profile
Fortuna Silver Mines Inc 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.
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