Fortuna Silver Mines Inc. (NYSE:FSM) Position Boosted by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 32,396,826 shares of the basic materials company’s stock after purchasing an additional 2,361,636 shares during the period. Van ECK Associates Corp owned about 0.11% of Fortuna Silver Mines worth $125,050,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Fortuna Silver Mines by 2.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,566,641 shares of the basic materials company’s stock worth $29,266,000 after purchasing an additional 146,303 shares in the last quarter. Euro Pacific Asset Management LLC increased its holdings in Fortuna Silver Mines by 2.2% in the third quarter. Euro Pacific Asset Management LLC now owns 4,579,271 shares of the basic materials company’s stock worth $12,460,000 after buying an additional 100,307 shares during the last quarter. Ruffer LLP grew its holdings in Fortuna Silver Mines by 59.0% during the third quarter. Ruffer LLP now owns 3,368,940 shares of the basic materials company’s stock valued at $9,206,000 after purchasing an additional 1,250,000 shares during the last quarter. Sprott Inc. grew its holdings in Fortuna Silver Mines by 15.1% during the third quarter. Sprott Inc. now owns 2,162,034 shares of the basic materials company’s stock valued at $5,881,000 after purchasing an additional 283,809 shares during the last quarter. Finally, Sicart Associates LLC grew its holdings in Fortuna Silver Mines by 1.6% during the third quarter. Sicart Associates LLC now owns 766,125 shares of the basic materials company’s stock valued at $2,084,000 after purchasing an additional 12,047 shares during the last quarter. Institutional investors own 33.80% of the company’s stock.

Fortuna Silver Mines Stock Performance

FSM stock traded down $0.08 during midday trading on Tuesday, hitting $4.61. The stock had a trading volume of 2,360,107 shares, compared to its average volume of 5,644,767. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -28.94 and a beta of 1.63. Fortuna Silver Mines Inc. has a 52 week low of $2.58 and a 52 week high of $4.94. The stock has a 50-day simple moving average of $3.77 and a 200 day simple moving average of $3.52. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings data on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $265.31 million for the quarter. Fortuna Silver Mines had a negative net margin of 5.99% and a positive return on equity of 5.03%. As a group, equities research analysts anticipate that Fortuna Silver Mines Inc. will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TheStreet downgraded shares of Fortuna Silver Mines from a “c-” rating to a “d” rating in a research note on Thursday, March 7th. StockNews.com downgraded shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Finally, Scotiabank raised their price objective on shares of Fortuna Silver Mines from $4.00 to $4.75 and gave the stock a “sector perform” rating in a research note on Monday, April 8th.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc 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.