Fortuna Silver Mines Inc. (NYSE:FSM) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,566,641 shares of the basic materials company’s stock after buying an additional 146,303 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Fortuna Silver Mines were worth $29,266,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Trust Advisors LP bought a new stake in Fortuna Silver Mines in the 3rd quarter valued at about $26,000. Northern Trust Corp bought a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth about $28,000. Equitable Holdings Inc. bought a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth about $32,000. Rathbones Group PLC bought a new stake in shares of Fortuna Silver Mines during the 3rd quarter worth about $34,000. Finally, Bank of New York Mellon Corp raised its position in shares of Fortuna Silver Mines by 27.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,530 shares of the basic materials company’s stock worth $34,000 after buying an additional 2,955 shares in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines Stock Down 0.5 %

NYSE FSM opened at $4.69 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16. The company’s 50 day simple moving average is $3.27 and its 200 day simple moving average is $3.31. Fortuna Silver Mines Inc. has a 12 month low of $2.58 and a 12 month high of $4.89.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its earnings results on Wednesday, March 6th. The basic materials company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Fortuna Silver Mines had a positive return on equity of 5.03% and a negative net margin of 5.99%. The business had revenue of $265.31 million during the quarter. As a group, equities research analysts anticipate that Fortuna Silver Mines Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on FSM. TheStreet downgraded shares of Fortuna Silver Mines from a “c-” rating to a “d” rating in a research report on Thursday, March 7th. StockNews.com upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, Scotiabank boosted their price target on shares of Fortuna Silver Mines from $4.00 to $4.75 and gave the stock a “sector perform” rating in a research report on Monday.

About Fortuna Silver Mines

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.