GWM Advisors LLC Takes Position in Fortuna Silver Mines Inc (FSM)

GWM Advisors LLC bought a new stake in shares of Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) during the first quarter, according to its most recent 13F filing with the SEC. The firm bought 58,800 shares of the basic materials company’s stock, valued at approximately $314,000.

A number of other hedge funds also recently bought and sold shares of FSM. Two Sigma Investments LP increased its stake in Fortuna Silver Mines by 9.5% in the fourth quarter. Two Sigma Investments LP now owns 685,805 shares of the basic materials company’s stock valued at $3,874,000 after buying an additional 59,488 shares during the period. Public Sector Pension Investment Board bought a new stake in Fortuna Silver Mines during the fourth quarter valued at $5,464,000. Pacad Investment Ltd. bought a new stake in Fortuna Silver Mines during the fourth quarter valued at $204,000. Trexquant Investment LP increased its stake in Fortuna Silver Mines by 354.1% in the fourth quarter. Trexquant Investment LP now owns 53,588 shares of the basic materials company’s stock valued at $303,000 after buying an additional 41,788 shares during the period. Finally, Cipher Capital LP increased its stake in Fortuna Silver Mines by 55.3% in the fourth quarter. Cipher Capital LP now owns 185,921 shares of the basic materials company’s stock valued at $1,050,000 after buying an additional 66,218 shares during the period. Hedge funds and other institutional investors own 48.03% of the company’s stock.

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

Shares of Fortuna Silver Mines Inc (NYSE:FSM) traded down 0.22% during trading on Friday, reaching $4.53. 1,516,521 shares of the company’s stock traded hands. The stock has a 50-day moving average of $4.79 and a 200-day moving average of $5.70. Fortuna Silver Mines Inc has a 1-year low of $4.11 and a 1-year high of $9.75. The company’s market capitalization is $662.42 million.

Fortuna Silver Mines (NYSE:FSM) last released its quarterly earnings data on Monday, May 15th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the 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. Fortuna Silver Mines’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, equities analysts predict that Fortuna Silver Mines Inc will post $0.27 EPS for the current fiscal year.

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Several analysts recently weighed in on the stock. TheStreet upgraded shares of Fortuna Silver Mines from a “d+” rating to a “c” rating in a report on Monday, February 6th. Zacks Investment Research upgraded shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Monday, February 13th. Raymond James Financial, Inc. upgraded shares of Fortuna Silver Mines from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, April 5th. Scotiabank reiterated a “sector perform” rating and issued a $9.00 target price on shares of Fortuna Silver Mines in a report on Wednesday, April 19th. Finally, BMO Capital Markets upgraded shares of Fortuna Silver Mines from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $10.75 to $9.00 in a report on Friday, March 31st. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Fortuna Silver Mines presently has an average rating of “Buy” and an average 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.

5 Day Chart for NYSE:FSM

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