National Bank of Canada FI Grows Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

National Bank of Canada FI grew its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSMGet Rating) (TSE:FVI) by 206.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,629 shares of the basic materials company’s stock after acquiring an additional 386,040 shares during the period. National Bank of Canada FI owned about 0.20% of Fortuna Silver Mines worth $2,175,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Aire Advisors LLC acquired a new position in Fortuna Silver Mines during the 4th quarter worth $39,000. SG Americas Securities LLC acquired a new position in Fortuna Silver Mines during the 1st quarter worth $46,000. XR Securities LLC acquired a new position in Fortuna Silver Mines during the 1st quarter worth $46,000. Laidlaw Wealth Management LLC acquired a new position in Fortuna Silver Mines during the 4th quarter worth $59,000. Finally, Capital Advisory Group Advisory Services LLC acquired a new position in Fortuna Silver Mines during the 4th quarter worth $102,000. 27.03% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines Trading Down 1.0 %

Fortuna Silver Mines stock opened at $2.85 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.07 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $2.97 and a two-hundred day moving average price of $3.46. The firm has a market capitalization of $832.14 million, a price-to-earnings ratio of 12.96 and a beta of 1.24. Fortuna Silver Mines Inc. has a 52-week low of $2.41 and a 52-week high of $5.52.

Fortuna Silver Mines (NYSE:FSMGet Rating) (TSE:FVI) last posted its earnings results on Wednesday, May 11th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $182.33 million during the quarter. Fortuna Silver Mines had a net margin of 8.79% and a return on equity of 8.40%. Sell-side analysts expect that Fortuna Silver Mines Inc. will post 0.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FSM. Pi Financial raised shares of Fortuna Silver Mines from a “neutral” rating to a “buy” rating in a report on Monday, June 6th. National Bank Financial decreased their price target on shares of Fortuna Silver Mines from C$6.50 to C$4.50 in a report on Thursday, July 21st. Finally, BMO Capital Markets decreased their price target on shares of Fortuna Silver Mines from C$7.00 to C$6.75 in a report on Thursday, May 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $6.19.

Fortuna Silver Mines Profile

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Fortuna Silver Mines Inc engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.

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Institutional Ownership by Quarter for Fortuna Silver Mines (NYSE:FSM)

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