Stock Traders Purchase Large Volume of Call Options on Fortuna Silver Mines (NYSE:FSM)

Fortuna Silver Mines Inc. (NYSE:FSM - Get Free Report) TSE: FVI was the target of some unusual options trading activity on Friday. Stock traders acquired 11,082 call options on the stock. This represents an increase of approximately 252% compared to the typical volume of 3,145 call options.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sprott Inc. lifted its holdings in shares of Fortuna Silver Mines by 10.0% during the fourth quarter. Sprott Inc. now owns 2,379,070 shares of the basic materials company's stock valued at $9,171,000 after acquiring an additional 217,036 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Fortuna Silver Mines by 5.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,955,544 shares of the basic materials company's stock valued at $29,710,000 after purchasing an additional 388,903 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Fortuna Silver Mines in the fourth quarter valued at about $171,000. BNP Paribas Financial Markets grew its stake in Fortuna Silver Mines by 133,433.1% during the fourth quarter. BNP Paribas Financial Markets now owns 161,575 shares of the basic materials company's stock worth $624,000 after buying an additional 161,454 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Fortuna Silver Mines during the fourth quarter worth approximately $77,000. Institutional investors and hedge funds own 33.80% of the company's stock.

Fortuna Silver Mines Stock Performance

Shares of NYSE FSM traded up $0.03 during trading hours on Friday, reaching $4.88. The stock had a trading volume of 1,666,831 shares, compared to its average volume of 6,045,494. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -44.09 and a beta of 1.59. Fortuna Silver Mines has a twelve month low of $2.58 and a twelve month high of $6.36. The business's fifty day moving average is $4.67 and its two-hundred day moving average is $4.69. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.51 and a quick ratio of 1.00.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). The business had revenue of $259.97 million during the quarter. Fortuna Silver Mines had a net margin of 0.20% and a return on equity of 8.75%. As a group, research analysts expect that Fortuna Silver Mines will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Scotiabank boosted their price target on Fortuna Silver Mines from $6.00 to $6.50 and gave the company a "sector perform" rating in a research note on Monday, August 19th.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc 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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