Fortuna Silver Mines Inc. (NYSE:FSM) Stock Holdings Increased by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. increased its holdings in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 74.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 416,460 shares of the basic materials company's stock after buying an additional 177,220 shares during the period. PCJ Investment Counsel Ltd. owned about 0.14% of Fortuna Silver Mines worth $1,785,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Fortuna Silver Mines in the 3rd quarter valued at about $1,347,000. Franklin Resources Inc. boosted its stake in Fortuna Silver Mines by 616.1% during the 3rd quarter. Franklin Resources Inc. now owns 253,500 shares of the basic materials company's stock valued at $1,231,000 after purchasing an additional 218,100 shares during the period. Barclays PLC acquired a new position in Fortuna Silver Mines during the 3rd quarter valued at about $2,227,000. Public Employees Retirement System of Ohio acquired a new position in Fortuna Silver Mines during the 3rd quarter valued at about $1,765,000. Finally, Centiva Capital LP boosted its stake in Fortuna Silver Mines by 457.3% during the 3rd quarter. Centiva Capital LP now owns 144,059 shares of the basic materials company's stock valued at $667,000 after purchasing an additional 118,209 shares during the period. 33.80% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines Price Performance

Shares of FSM stock traded up $0.28 during midday trading on Wednesday, reaching $5.36. 16,273,472 shares of the company were exchanged, compared to its average volume of 8,349,957. Fortuna Silver Mines Inc. has a 12 month low of $3.23 and a 12 month high of $6.36. The company has a market cap of $1.64 billion, a P/E ratio of 66.95 and a beta of 1.50. The company's 50 day moving average price is $4.68 and its two-hundred day moving average price is $4.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94.

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Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last released its quarterly 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). Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. The company had revenue of $302.20 million for the quarter, compared to the consensus estimate of $301.65 million. On average, sell-side analysts expect that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current year.

Analyst Ratings Changes

FSM has been the subject of a number of analyst reports. CIBC lowered shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research note on Tuesday, February 18th. Scotiabank reduced their target price 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. Finally, Cibc World Mkts lowered shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th.

Fortuna Silver Mines 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.