14,688 Shares in Fortuna Silver Mines Inc. (NYSE:FSM) Purchased by Mariner LLC

Mariner LLC bought a new stake in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) in the 4th quarter, Holdings Channel reports. The institutional investor bought 14,688 shares of the basic materials company’s stock, valued at approximately $63,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CenterBook Partners LP acquired a new position in shares of Fortuna Silver Mines in the fourth quarter valued at approximately $716,000. Raymond James Financial Inc. purchased a new stake in Fortuna Silver Mines in the 4th quarter worth approximately $523,000. Renaissance Technologies LLC raised its holdings in Fortuna Silver Mines by 14.0% in the 4th quarter. Renaissance Technologies LLC now owns 4,233,900 shares of the basic materials company’s stock valued at $18,163,000 after acquiring an additional 520,100 shares during the last quarter. Bank of Nova Scotia purchased a new position in shares of Fortuna Silver Mines during the 4th quarter worth $46,000. Finally, Legal & General Group Plc boosted its holdings in shares of Fortuna Silver Mines by 10.0% during the fourth quarter. Legal & General Group Plc now owns 863,406 shares of the basic materials company’s stock worth $3,704,000 after purchasing an additional 78,284 shares during the last quarter. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Fortuna Silver Mines Trading Up 6.2 %

Shares of FSM opened at $5.69 on Friday. Fortuna Silver Mines Inc. has a twelve month low of $3.86 and a twelve month high of $6.78. The firm has a market capitalization of $1.75 billion, a P/E ratio of 71.13 and a beta of 1.10. 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 fifty day simple moving average is $5.86 and its 200 day simple moving average is $5.12.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. The firm had revenue of $290.15 million during the quarter, compared to analysts’ expectations of $291.00 million. On average, equities research analysts forecast that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on FSM shares. Cibc World Mkts lowered Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 18th. CIBC downgraded shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research note on Tuesday, February 18th. Scotiabank raised their target price on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a “sector perform” rating in a research report on Monday, April 14th. Finally, National Bank Financial upgraded shares of Fortuna Silver Mines to a “hold” rating in a report on Friday, March 21st.

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.