Fortuna Silver Mines Inc. (NYSE:FSM) Stock Position Boosted by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 273.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,263,905 shares of the basic materials company's stock after purchasing an additional 925,084 shares during the period. Cubist Systematic Strategies LLC owned 0.41% of Fortuna Silver Mines worth $6,180,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in shares of Fortuna Silver Mines by 5.0% during the first quarter. Van ECK Associates Corp now owns 34,021,296 shares of the basic materials company's stock worth $126,896,000 after purchasing an additional 1,624,470 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Fortuna Silver Mines by 5.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,955,544 shares of the basic materials company's stock worth $29,710,000 after acquiring an additional 388,903 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Fortuna Silver Mines by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,107,298 shares of the basic materials company's stock worth $29,865,000 after acquiring an additional 346,008 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Fortuna Silver Mines by 12,560.3% in the 2nd quarter. Acadian Asset Management LLC now owns 5,418,611 shares of the basic materials company's stock worth $26,456,000 after acquiring an additional 5,375,811 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Fortuna Silver Mines by 94.9% in the 2nd quarter. Renaissance Technologies LLC now owns 5,147,900 shares of the basic materials company's stock worth $25,173,000 after acquiring an additional 2,507,249 shares during the period. 33.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Scotiabank increased their price objective on shares of Fortuna Silver Mines from $6.00 to $6.50 and gave the stock a "sector perform" rating in a report on Monday, August 19th.

Fortuna Silver Mines Stock Up 1.5 %

FSM stock opened at $5.08 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.51 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines Inc. has a fifty-two week low of $2.58 and a fifty-two week high of $6.36. The firm's 50-day simple moving average is $4.63 and its 200 day simple moving average is $4.75. The stock has a market cap of $1.55 billion, a PE ratio of -46.14 and a beta of 1.59.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last announced its earnings results 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 company 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, sell-side analysts predict that Fortuna Silver Mines Inc. will post 0.47 EPS for the current year.

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.