7,281 Shares in Fortuna Silver Mines Inc. (NYSE:FSM) Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise bought a new stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,281 shares of the basic materials company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Perritt Capital Management Inc. increased its stake in Fortuna Silver Mines by 40.0% during the 1st quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock valued at $39,000 after buying an additional 3,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Fortuna Silver Mines by 19.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,280 shares of the basic materials company’s stock valued at $233,000 after acquiring an additional 9,837 shares during the period. DORCHESTER WEALTH MANAGEMENT Co raised its holdings in Fortuna Silver Mines by 11.4% during the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 96,900 shares of the basic materials company’s stock worth $360,000 after purchasing an additional 9,900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Fortuna Silver Mines by 23.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,176 shares of the basic materials company’s stock worth $363,000 after purchasing an additional 13,896 shares during the period. Finally, Corundum Trust Company INC acquired a new stake in Fortuna Silver Mines in the second quarter worth approximately $73,000. Institutional investors own 33.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Scotiabank lifted their target price on Fortuna Silver Mines from $6.00 to $6.50 and gave the stock a “sector perform” rating in a report on Monday, August 19th.

Fortuna Silver Mines Stock Down 7.7 %

FSM stock opened at $4.24 on Wednesday. The firm has a market cap of $1.30 billion, a PE ratio of -38.50 and a beta of 1.57. Fortuna Silver Mines Inc. has a 12 month low of $2.58 and a 12 month high of $6.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.51 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $4.78 and a 200 day simple moving average of $4.56.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The company had revenue of $259.97 million for the quarter. Fortuna Silver Mines had a net margin of 0.20% and a return on equity of 8.75%. Equities research analysts forecast that Fortuna Silver Mines Inc. will post 0.52 earnings per share for the current fiscal year.

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.