Trexquant Investment LP Grows Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Trexquant Investment LP grew its position in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 26.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,459,620 shares of the basic materials company's stock after purchasing an additional 305,076 shares during the quarter. Trexquant Investment LP owned approximately 0.48% of Fortuna Silver Mines worth $6,262,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Generali Investments CEE investicni spolecnost a.s. bought a new position in Fortuna Silver Mines during the fourth quarter valued at about $34,000. SeaCrest Wealth Management LLC bought a new stake in shares of Fortuna Silver Mines in the 4th quarter worth approximately $45,000. Y Intercept Hong Kong Ltd purchased a new position in Fortuna Silver Mines in the fourth quarter valued at approximately $67,000. Kingswood Wealth Advisors LLC bought a new position in Fortuna Silver Mines during the fourth quarter valued at $68,000. Finally, Commonwealth Equity Services LLC increased its position in Fortuna Silver Mines by 10.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 20,456 shares of the basic materials company's stock worth $88,000 after buying an additional 2,000 shares during the last quarter. 33.80% of the stock is owned by institutional investors.

Fortuna Silver Mines Stock Up 5.2 %

Shares of FSM traded up $0.30 during trading hours on Thursday, hitting $6.05. The company had a trading volume of 8,418,898 shares, compared to its average volume of 14,815,937. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 75.25 and a beta of 1.22. Fortuna Silver Mines Inc. has a 52-week low of $3.86 and a 52-week high of $6.50. The firm has a fifty day moving average price of $5.29 and a 200-day moving average price of $4.91.

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Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last issued its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.09). The company had revenue of $302.20 million for the quarter, compared to the consensus estimate of $301.65 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. On average, equities research analysts forecast that Fortuna Silver Mines Inc. will post 0.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FSM. Scotiabank reduced their price objective on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 15th. CIBC cut Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. Cibc World Mkts lowered Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 18th. Finally, National Bank Financial raised shares of Fortuna Silver Mines to a "hold" rating in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $6.00.

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.