Swiss National Bank Buys 10,900 Shares of Fortuna Silver Mines Inc (NYSE:FSM)

Swiss National Bank lifted its stake in Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) by 3.8% during the second quarter, HoldingsChannel reports. The firm owned 299,600 shares of the basic materials company’s stock after purchasing an additional 10,900 shares during the period. Swiss National Bank’s holdings in Fortuna Silver Mines were worth $853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FSM. Candriam Luxembourg S.C.A. lifted its stake in Fortuna Silver Mines by 69.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 230,753 shares of the basic materials company’s stock worth $656,000 after acquiring an additional 94,803 shares during the period. Quantitative Systematic Strategies LLC lifted its stake in Fortuna Silver Mines by 92.9% in the second quarter. Quantitative Systematic Strategies LLC now owns 30,728 shares of the basic materials company’s stock worth $88,000 after acquiring an additional 14,795 shares during the period. Eqis Capital Management Inc. lifted its stake in Fortuna Silver Mines by 78.3% in the second quarter. Eqis Capital Management Inc. now owns 70,913 shares of the basic materials company’s stock worth $202,000 after acquiring an additional 31,134 shares during the period. Ingalls & Snyder LLC lifted its stake in Fortuna Silver Mines by 13.5% in the second quarter. Ingalls & Snyder LLC now owns 3,060,550 shares of the basic materials company’s stock worth $8,723,000 after acquiring an additional 364,750 shares during the period. Finally, Marshall Wace North America L.P. lifted its stake in Fortuna Silver Mines by 305.8% in the first quarter. Marshall Wace North America L.P. now owns 98,200 shares of the basic materials company’s stock worth $327,000 after acquiring an additional 74,000 shares during the period. Hedge funds and other institutional investors own 38.74% of the company’s stock.

A number of analysts recently weighed in on FSM shares. Zacks Investment Research lowered shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Scotiabank raised shares of Fortuna Silver Mines from a “sector perform” rating to a “sector outperform” rating and set a $5.00 price target for the company in a research report on Tuesday. Canaccord Genuity lowered shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, ValuEngine lowered shares of Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $4.75.

Shares of FSM stock traded up $0.09 during mid-day trading on Thursday, hitting $3.59. 105,466 shares of the stock traded hands, compared to its average volume of 1,870,656. The stock has a market cap of $581.86 million, a P/E ratio of 15.08 and a beta of 0.34. The stock’s fifty day moving average is $3.96 and its two-hundred day moving average is $3.32. Fortuna Silver Mines Inc has a 52-week low of $2.39 and a 52-week high of $4.59. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.66 and a quick ratio of 1.47.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The business had revenue of $67.91 million during the quarter. Fortuna Silver Mines had a net margin of 8.75% and a return on equity of 4.43%. As a group, equities analysts forecast that Fortuna Silver Mines Inc will post 0.16 EPS for the current fiscal year.

Fortuna Silver Mines Profile

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.

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Institutional Ownership by Quarter for Fortuna Silver Mines (NYSE:FSM)

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