Invesco Ltd. Raises Stock Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Invesco Ltd. grew its holdings in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 1,558.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,940,748 shares of the basic materials company's stock after purchasing an additional 1,823,695 shares during the period. Invesco Ltd. owned approximately 0.63% of Fortuna Silver Mines worth $8,326,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FSM. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Fortuna Silver Mines during the fourth quarter valued at about $34,000. SeaCrest Wealth Management LLC bought a new stake in Fortuna Silver Mines during the 4th quarter worth approximately $45,000. Y Intercept Hong Kong Ltd bought a new stake in Fortuna Silver Mines during the 4th quarter worth approximately $67,000. Kingswood Wealth Advisors LLC bought a new position in shares of Fortuna Silver Mines during the fourth quarter valued at $68,000. Finally, Commonwealth Equity Services LLC lifted its holdings 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 purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 33.80% of the company's stock.

Fortuna Silver Mines Stock Down 0.8 %

Shares of Fortuna Silver Mines stock traded down $0.05 during trading on Friday, reaching $6.08. 8,549,550 shares of the company traded hands, compared to its average volume of 9,552,671. The firm has a market capitalization of $1.87 billion, a PE ratio of 76.01 and a beta of 1.22. Fortuna Silver Mines Inc. has a 1-year low of $3.86 and a 1-year high of $6.78. The company has a 50 day moving average price of $5.56 and a 200-day moving average price of $5.03. 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 issued its earnings results on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.09). The firm had revenue of $302.20 million during the quarter, compared to the consensus estimate 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 expect that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

FSM has been the topic of several recent research reports. National Bank Financial raised Fortuna Silver Mines to a "hold" rating in a report on Friday, March 21st. Scotiabank raised their price target on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. CIBC lowered shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research note on Tuesday, February 18th. Finally, Cibc World Mkts downgraded shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Fortuna Silver Mines presently has an average rating of "Hold" and an average 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.