D. E. Shaw & Co. Inc. Has $27.18 Million Stock Position in Fortuna Silver Mines Inc. (NYSE:FSM)

D. E. Shaw & Co. Inc. grew its position in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 165.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,557,376 shares of the basic materials company’s stock after purchasing an additional 3,467,562 shares during the period. D. E. Shaw & Co. Inc. owned about 1.82% of Fortuna Silver Mines worth $27,176,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in Fortuna Silver Mines in the second quarter worth approximately $36,000. Perritt Capital Management Inc. increased its stake in shares of 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 worth $39,000 after purchasing an additional 3,000 shares during the last quarter. Hohimer Wealth Management LLC bought a new position in shares of Fortuna Silver Mines during the 2nd quarter valued at $54,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Fortuna Silver Mines in the 1st quarter valued at $56,000. Finally, Choreo LLC bought a new stake in Fortuna Silver Mines in the second quarter worth $59,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Scotiabank boosted their price target on Fortuna Silver Mines from $6.00 to $6.50 and gave the stock a “sector perform” rating in a research report on Monday, August 19th.

Fortuna Silver Mines Price Performance

Shares of Fortuna Silver Mines stock opened at $4.81 on Friday. Fortuna Silver Mines Inc. has a 1-year low of $2.58 and a 1-year high of $6.36. The firm has a fifty day simple moving average of $4.63 and a 200-day simple moving average of $4.77. The company has a current ratio of 1.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -43.73 and a beta of 1.59.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). The firm 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%. On average, sell-side analysts expect that Fortuna Silver Mines Inc. will post 0.47 earnings per share for the current year.

Fortuna Silver Mines 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.