1 week Ago By Defense World Staff
LPL Financial LLC boosted its holdings in Fortuna Silver Mines Inc. (NYSE:FSM – Free Report) (TSE:FVI) by 65.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 93,505 shares of the basic materials company’s stock after buying an additional 36,963 shares during the quarter. LPL Financial LLC’s holdings in Fortuna Silver Mines were worth $401,000 at the end of the most recent reporting period. Several other institutional investors also recently modified their holdings of the business.
Franklin Resources Inc. boosted its position in 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 valued at $1,231,000 after acquiring an additional 218,100 shares during the last quarter. Barclays PLC purchased a new stake in shares of Fortuna Silver Mines during the third quarter valued at approximately $2,227,000.
Y Intercept Hong Kong Ltd purchased a new position in shares of Fortuna Silver Mines in the 4th quarter worth about $67,000. Swiss National Bank increased its stake in shares of Fortuna Silver Mines by 2.8% during the 4th quarter.
Swiss National Bank now owns 618,830 shares of the basic materials company’s stock worth $2,655,000 after purchasing an additional 16,800 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Fortuna Silver Mines by 15.
3% in the fourth quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company’s stock valued at $21,625,000 after buying an additional 668,590 shares during the period.
Institutional investors own 33.80% of the company’s stock. Fortuna Silver Mines Price PerformanceShares of FSM stock opened at $6.
08 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.
94 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.
87 billion, a price-to-earnings ratio of 76.01 and a beta of 1.22.
The business’s fifty day moving average is $5.56 and its 200 day moving average is $5.03.
Fortuna Silver Mines Inc. has a twelve month low of $3.86 and a twelve month high of $6.
78. Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last posted 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%.
Research analysts expect that Fortuna Silver Mines Inc. will post 0.51 EPS for the current fiscal year.
Wall Street Analyst Weigh InFSM has been the subject of several analyst reports. Scotiabank raised their price objective 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 downgraded Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research report on Tuesday, February 18th. National Bank Financial upgraded Fortuna Silver Mines to a “hold” rating in a research report on Friday, March 21st.
Finally, Cibc World Mkts downgraded Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.
00.View Our Latest Research Report on Fortuna Silver MinesFortuna Silver Mines Company Profile (Free Report)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.
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