Renaissance Technologies LLC Increases Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Renaissance Technologies LLC increased its holdings in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,233,900 shares of the basic materials company's stock after purchasing an additional 520,100 shares during the quarter. Renaissance Technologies LLC owned 1.38% of Fortuna Silver Mines worth $18,163,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FSM. Invesco Ltd. lifted its stake in shares of Fortuna Silver Mines by 1,558.0% during the fourth quarter. Invesco Ltd. now owns 1,940,748 shares of the basic materials company's stock valued at $8,326,000 after acquiring an additional 1,823,695 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Fortuna Silver Mines by 63.9% during the 4th 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 last quarter. American Century Companies Inc. increased its position in shares of Fortuna Silver Mines by 15.3% during the fourth quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company's stock worth $21,625,000 after buying an additional 668,590 shares during the period. Russell Investments Group Ltd. increased its position in Fortuna Silver Mines by 301.9% in the 4th quarter. Russell Investments Group Ltd. now owns 817,871 shares of the basic materials company's stock valued at $3,509,000 after buying an additional 614,383 shares in the last quarter. Finally, Barclays PLC bought a new position in Fortuna Silver Mines in the 3rd quarter valued at $2,227,000. 33.80% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several equities research analysts have weighed in on the company. National Bank Financial upgraded Fortuna Silver Mines to a "hold" rating in a report on Friday, March 21st. 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 lifted their price objective on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the company a "sector perform" rating in a report on Monday. Finally, CIBC lowered shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $7.00.

Fortuna Silver Mines Price Performance

FSM traded up $0.04 during trading on Wednesday, reaching $6.50. 17,704,603 shares of the stock were exchanged, compared to its average volume of 9,320,711. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 81.26 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37. The business's 50 day moving average price is $5.39 and its two-hundred day moving average price is $4.95. Fortuna Silver Mines Inc. has a 1 year low of $3.86 and a 1 year high of $6.76.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last announced its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 10.08% and a net margin of 2.45%. As a group, equities research analysts anticipate that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current year.

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.