Fortuna Silver Mines Inc. (NYSE:FSM) Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 15.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,038,830 shares of the basic materials company's stock after purchasing an additional 668,590 shares during the quarter. American Century Companies Inc. owned about 1.64% of Fortuna Silver Mines worth $21,625,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FSM. Tidal Investments LLC lifted its holdings in shares of Fortuna Silver Mines by 1.8% during the third quarter. Tidal Investments LLC now owns 5,377,373 shares of the basic materials company's stock worth $24,897,000 after purchasing an additional 92,764 shares during the period. Euro Pacific Asset Management LLC boosted its holdings in shares of Fortuna Silver Mines by 1.2% in the 4th quarter. Euro Pacific Asset Management LLC now owns 4,365,085 shares of the basic materials company's stock valued at $18,792,000 after acquiring an additional 50,402 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Fortuna Silver Mines by 63.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,170,700 shares of the basic materials company's stock worth $9,305,000 after acquiring an additional 845,900 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Fortuna Silver Mines by 323.4% during the third quarter. The Manufacturers Life Insurance Company now owns 1,075,479 shares of the basic materials company's stock worth $5,005,000 after purchasing an additional 821,495 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Fortuna Silver Mines by 41.9% during the third quarter. National Bank of Canada FI now owns 652,539 shares of the basic materials company's stock valued at $3,022,000 after purchasing an additional 192,552 shares during the period. Hedge funds and other institutional investors own 33.80% of the company's stock.

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Fortuna Silver Mines Price Performance

Shares of Fortuna Silver Mines stock traded down $0.16 on Thursday, hitting $6.09. The company's stock had a trading volume of 25,266,234 shares, compared to its average volume of 9,109,617. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 76.07 and a beta of 1.50. Fortuna Silver Mines Inc. has a 1 year low of $3.86 and a 1 year high of $6.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The firm has a fifty day moving average price of $5.20 and a 200-day moving average price of $4.88.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last posted its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.09). Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. The business had revenue of $302.20 million during the quarter, compared to analysts' expectations of $301.65 million. As a group, sell-side analysts anticipate that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Cibc World Mkts lowered Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th. Scotiabank dropped their target price on Fortuna Silver Mines from $6.75 to $6.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 15th. CIBC downgraded Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a report on Tuesday, February 18th. Finally, National Bank Financial raised shares of Fortuna Silver Mines to a "hold" rating in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $6.00.

Fortuna Silver Mines Company Profile

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.