CenterBook Partners LP acquired a new position in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 166,946 shares of the basic materials company's stock, valued at approximately $716,000. CenterBook Partners LP owned about 0.05% of Fortuna Silver Mines at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Fortuna Silver Mines during the third quarter worth approximately $1,347,000. National Bank of Canada FI raised its position in shares of Fortuna Silver Mines by 41.9% in 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 buying an additional 192,552 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Fortuna Silver Mines in the third quarter worth about $325,000. Public Employees Retirement System of Ohio acquired a new position in Fortuna Silver Mines during the third quarter worth about $1,765,000. Finally, Barclays PLC acquired a new position in Fortuna Silver Mines during the third quarter worth about $2,227,000. Institutional investors and hedge funds own 33.80% of the company's stock.
Fortuna Silver Mines Trading Up 0.6 %
Shares of FSM stock traded up $0.04 during trading on Wednesday, hitting $6.50. 17,704,319 shares of the stock traded hands, compared to its average volume of 9,320,697. Fortuna Silver Mines Inc. has a 52-week low of $3.86 and a 52-week high of $6.76. The firm has a market capitalization of $2.00 billion, a P/E ratio of 81.26 and a beta of 1.22. The firm's fifty day moving average price is $5.39 and its 200-day moving average price is $4.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37.
Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last posted its earnings results 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). The business had revenue of $302.20 million during the quarter, compared to analysts' expectations of $301.65 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. As a group, research analysts forecast that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on FSM shares. National Bank Financial raised shares of Fortuna Silver Mines to a "hold" rating in a research note on Friday, March 21st. CIBC lowered Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research note on Tuesday, February 18th. Scotiabank raised their target price on Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a "sector perform" rating in a research note on Monday. Finally, Cibc World Mkts cut shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 18th. 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. According to data from MarketBeat.com, Fortuna Silver Mines presently has an average rating of "Hold" and a consensus price target of $7.00.
Read Our Latest Stock Report on FSM
About Fortuna Silver Mines
(
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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