XTX Topco Ltd Grows Stake in Fortuna Silver Mines Inc. (NYSE:FSM)

XTX Topco Ltd increased its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 71.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,081 shares of the basic materials company’s stock after purchasing an additional 49,873 shares during the quarter. XTX Topco Ltd’s holdings in Fortuna Silver Mines were worth $515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its holdings in Fortuna Silver Mines by 10.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 20,456 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 2,000 shares in the last quarter. Geode Capital Management LLC raised its stake in Fortuna Silver Mines by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 141,305 shares of the basic materials company’s stock worth $660,000 after acquiring an additional 5,858 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its position in Fortuna Silver Mines by 2.7% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 287,357 shares of the basic materials company’s stock valued at $1,233,000 after acquiring an additional 7,644 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Fortuna Silver Mines in the fourth quarter valued at $34,000. Finally, SG Americas Securities LLC boosted its stake in Fortuna Silver Mines by 61.8% in the fourth quarter. SG Americas Securities LLC now owns 22,207 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 8,484 shares in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines Trading Down 2.1 %

NYSE:FSM opened at $6.37 on Monday. Fortuna Silver Mines Inc. has a 12-month low of $3.86 and a 12-month high of $6.76. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $5.46 and its 200-day simple moving average is $4.98. The firm has a market cap of $1.95 billion, a P/E ratio of 79.57 and a beta of 1.22.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. The firm had revenue of $302.20 million for the quarter, compared to analysts’ expectations of $301.65 million. Equities analysts anticipate that Fortuna Silver Mines Inc. will post 0.51 EPS for the current year.

Analysts Set New Price Targets

FSM has been the subject of several research reports. Cibc World Mkts downgraded Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 18th. CIBC downgraded shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research report on Tuesday, February 18th. National Bank Financial raised shares of Fortuna Silver Mines to a “hold” rating in a research report on Friday, March 21st. Finally, Scotiabank upped their target price on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the company a “sector perform” rating in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Fortuna Silver Mines has a consensus rating of “Hold” and a consensus target price of $7.00.

About Fortuna Silver Mines

Fortuna Mining Corp. 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.