Raymond James Financial Inc. acquired a new position in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 121,903 shares of the basic materials company's stock, valued at approximately $523,000.
Several other large investors have also recently modified their holdings of FSM. SeaCrest Wealth Management LLC purchased a new stake in Fortuna Silver Mines in the fourth quarter valued at about $45,000. Y Intercept Hong Kong Ltd purchased a new stake in Fortuna Silver Mines during the 4th quarter worth approximately $67,000. Kingswood Wealth Advisors LLC acquired a new position in Fortuna Silver Mines during the 4th quarter valued at approximately $68,000. SG Americas Securities LLC raised its holdings in shares of Fortuna Silver Mines by 61.8% in the fourth quarter. SG Americas Securities LLC now owns 22,207 shares of the basic materials company's stock worth $95,000 after buying an additional 8,484 shares during the last quarter. Finally, Synovus Financial Corp purchased a new position in shares of Fortuna Silver Mines in the third quarter worth $146,000. Institutional investors own 33.80% of the company's stock.
Fortuna Silver Mines Stock Performance
Shares of FSM traded up $0.25 during mid-day trading on Friday, reaching $6.48. The company had a trading volume of 16,870,023 shares, compared to its average volume of 9,251,263. The stock has a market capitalization of $1.99 billion, a P/E ratio of 80.95 and a beta of 1.22. Fortuna Silver Mines Inc. has a 52-week low of $3.86 and a 52-week high of $6.61. The stock has a 50 day moving average of $5.34 and a two-hundred day moving average of $4.93. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12.
Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last released its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.09). The company had revenue of $302.20 million during the quarter, compared to analysts' expectations of $301.65 million. Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. On average, analysts expect that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. National Bank Financial raised Fortuna Silver Mines to a "hold" rating in a research report on Friday, March 21st. Cibc World Mkts downgraded Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 18th. CIBC downgraded shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a report on Tuesday, February 18th. Finally, Scotiabank decreased their price objective on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 15th. 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.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.00.
Read Our Latest Stock Analysis on FSM
Fortuna Silver Mines Company Profile
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Free Report)
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.
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