Fortuna Silver Mines Inc (FSM) Shares Bought by Global X Management Co. LLC

Global X Management Co. LLC boosted its stake in Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) by 15.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,763,588 shares of the basic materials company’s stock after buying an additional 232,140 shares during the period. Global X Management Co. LLC’s holdings in Fortuna Silver Mines were worth $9,151,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its stake in Fortuna Silver Mines by 18.5% in the first quarter. Creative Planning now owns 21,781 shares of the basic materials company’s stock worth $113,000 after buying an additional 3,400 shares in the last quarter. Confluence Investment Management LLC bought a new stake in Fortuna Silver Mines during the first quarter worth about $127,000. Quadrature Capital Ltd bought a new stake in Fortuna Silver Mines during the fourth quarter worth about $223,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Fortuna Silver Mines during the fourth quarter worth about $4,905,000. Finally, Strategic Investment Management LLC bought a new stake in Fortuna Silver Mines during the fourth quarter worth about $106,000. 48.03% of the stock is currently owned by hedge funds and other institutional investors.

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

Fortuna Silver Mines Inc (NYSE FSM) traded down 3.47% during midday trading on Thursday, reaching $5.00. The company’s stock had a trading volume of 1,603,848 shares. Fortuna Silver Mines Inc has a 1-year low of $4.11 and a 1-year high of $9.75. The company has a market capitalization of $796.12 million, a P/E ratio of 26.04 and a beta of 0.22. The company has a 50 day moving average of $4.61 and a 200-day moving average of $5.51.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its quarterly earnings results on Monday, May 15th. The basic materials company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Fortuna Silver Mines had a positive return on equity of 5.97% and a negative net margin of 2.26%. The business had revenue of $57.90 million during the quarter, compared to analyst estimates of $59 million. The company’s revenue for the quarter was up 56.5% compared to the same quarter last year. Equities research analysts anticipate that Fortuna Silver Mines Inc will post $0.34 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on FSM shares. Zacks Investment Research raised Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Tuesday, March 7th. ValuEngine lowered Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Raymond James Financial, Inc. raised Fortuna Silver Mines from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, April 5th. BMO Capital Markets raised Fortuna Silver Mines from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $10.75 to $9.00 in a research report on Friday, March 31st. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of Fortuna Silver Mines in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $8.94.

About Fortuna Silver Mines

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FSM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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