XTX Topco Ltd Has $515,000 Stock Position in Fortuna Silver Mines Inc. (NYSE:FSM)

XTX Topco Ltd lifted its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 71.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,081 shares of the basic materials company's stock after acquiring an additional 49,873 shares during the quarter. XTX Topco Ltd's holdings in Fortuna Silver Mines were worth $515,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in shares of Fortuna Silver Mines by 616.1% during the third quarter. Franklin Resources Inc. now owns 253,500 shares of the basic materials company's stock worth $1,231,000 after purchasing an additional 218,100 shares during the last quarter. Barclays PLC purchased a new position in Fortuna Silver Mines during the 3rd quarter valued at about $2,227,000. Legal & General Group Plc lifted its position in shares of Fortuna Silver Mines by 10.0% in the fourth quarter. Legal & General Group Plc now owns 863,406 shares of the basic materials company's stock valued at $3,704,000 after acquiring an additional 78,284 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Fortuna Silver Mines during the fourth quarter valued at approximately $67,000. Finally, Swiss National Bank increased its stake in Fortuna Silver Mines by 2.8% in the fourth 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 during the last quarter. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Fortuna Silver Mines Price Performance

Shares of NYSE FSM traded down $0.08 during midday trading on Friday, reaching $6.06. 2,937,720 shares of the company traded hands, compared to its average volume of 14,837,980. The stock's 50-day simple moving average is $5.53 and its 200-day simple moving average is $5.02. 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 firm has a market cap of $1.86 billion, a PE ratio of 75.68 and a beta of 1.22. Fortuna Silver Mines Inc. has a 12 month low of $3.86 and a 12 month high of $6.78.

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

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.