Fortuna Silver Mines Inc. (NYSE:FSM) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 15.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 292,798 shares of the basic materials company's stock after acquiring an additional 39,298 shares during the quarter. Franklin Resources Inc. owned 0.10% of Fortuna Silver Mines worth $1,255,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FSM. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in Fortuna Silver Mines during the 4th quarter worth $320,000. LPL Financial LLC boosted its stake in Fortuna Silver Mines by 65.4% in the fourth quarter. LPL Financial LLC now owns 93,505 shares of the basic materials company's stock valued at $401,000 after acquiring an additional 36,963 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Fortuna Silver Mines by 15.3% in the 4th quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company's stock worth $21,625,000 after purchasing an additional 668,590 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Fortuna Silver Mines by 10.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 20,456 shares of the basic materials company's stock worth $88,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Swiss National Bank increased its stake in Fortuna Silver Mines by 2.8% during the 4th quarter. Swiss National Bank now owns 618,830 shares of the basic materials company's stock valued at $2,655,000 after purchasing an additional 16,800 shares in the last quarter. 33.80% of the stock is currently owned by institutional investors.

Fortuna Silver Mines Stock Performance

FSM traded down $0.14 on Friday, reaching $6.37. The stock had a trading volume of 11,379,929 shares, compared to its average volume of 9,376,991. The business's 50-day moving average price is $5.46 and its two-hundred day moving average price is $4.98. The company has a market cap of $1.95 billion, a P/E ratio of 79.57 and a beta of 1.22. Fortuna Silver Mines Inc. has a 12-month low of $3.86 and a 12-month high of $6.76. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last issued its quarterly earnings results 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). 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 during the quarter, compared to analysts' expectations of $301.65 million. Sell-side analysts forecast that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Cibc World Mkts cut shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th. CIBC downgraded Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. Scotiabank upped 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, April 14th. Finally, National Bank Financial upgraded Fortuna Silver Mines to a "hold" rating in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Fortuna Silver Mines has a consensus rating of "Hold" and a consensus price target of $7.00.

About Fortuna Silver Mines

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.