Two Sigma Advisers LP Decreases Stock Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Two Sigma Advisers LP lessened its holdings in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 40.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,564,000 shares of the basic materials company’s stock after selling 1,082,900 shares during the quarter. Two Sigma Advisers LP’s holdings in Fortuna Silver Mines were worth $6,710,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Tidal Investments LLC raised its position in shares of Fortuna Silver Mines by 40.3% in the 4th quarter. Tidal Investments LLC now owns 7,542,803 shares of the basic materials company’s stock valued at $32,359,000 after purchasing an additional 2,165,430 shares during the last quarter. Invesco Ltd. increased its stake in Fortuna Silver Mines by 1,558.0% during the 4th quarter. Invesco Ltd. now owns 1,940,748 shares of the basic materials company’s stock valued at $8,326,000 after purchasing an additional 1,823,695 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Fortuna Silver Mines by 17.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 8,340,195 shares of the basic materials company’s stock worth $35,779,000 after buying an additional 1,219,864 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Fortuna Silver Mines by 63.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,170,700 shares of the basic materials company’s stock worth $9,305,000 after buying an additional 845,900 shares during the period. Finally, Man Group plc lifted its stake in shares of Fortuna Silver Mines by 127.3% during the fourth quarter. Man Group plc now owns 1,485,494 shares of the basic materials company’s stock worth $6,373,000 after buying an additional 831,994 shares during the period. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Fortuna Silver Mines Stock Up 0.6%

FSM stock opened at $5.84 on Friday. The company has a market capitalization of $1.79 billion, a P/E ratio of 72.95 and a beta of 1.10. Fortuna Silver Mines Inc. has a 12 month low of $3.86 and a 12 month high of $6.78. The firm’s fifty day simple moving average is $5.94 and its 200-day simple moving average is $5.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37.

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

Fortuna Silver Mines Profile

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.