D. E. Shaw & Co. Inc. Has $35.78 Million Position in Fortuna Silver Mines Inc. (NYSE:FSM)

D. E. Shaw & Co. Inc. increased its holdings in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 17.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,340,195 shares of the basic materials company’s stock after purchasing an additional 1,219,864 shares during the period. D. E. Shaw & Co. Inc. owned approximately 2.72% of Fortuna Silver Mines worth $35,779,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSM. Optiver Holding B.V. acquired a new position in shares of Fortuna Silver Mines in the 4th quarter worth approximately $26,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Fortuna Silver Mines in the fourth quarter valued at $34,000. SeaCrest Wealth Management LLC acquired a new position in Fortuna Silver Mines during the fourth quarter worth $45,000. Bank of Nova Scotia bought a new position in shares of Fortuna Silver Mines during the fourth quarter valued at $46,000. Finally, TD Waterhouse Canada Inc. boosted its stake in shares of Fortuna Silver Mines by 24.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 12,440 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 2,440 shares in the last quarter. Institutional investors own 33.80% of the company’s stock.

Analyst Upgrades and Downgrades

FSM has been the subject of several analyst reports. CIBC downgraded shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a report on Tuesday, February 18th. National Bank Financial upgraded shares of Fortuna Silver Mines to a “hold” rating in a research note on Friday, March 21st. Cibc World Mkts cut Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 18th. Finally, Scotiabank raised their price target on Fortuna Silver Mines from $6.00 to $7.00 and gave the company a “sector perform” rating in a report on Monday, April 14th.

Fortuna Silver Mines Stock Up 6.2 %

Shares of NYSE:FSM opened at $5.69 on Friday. Fortuna Silver Mines Inc. has a 12 month low of $3.86 and a 12 month high of $6.78. The firm has a market cap of $1.75 billion, a P/E ratio of 71.13 and a beta of 1.10. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $5.86 and its two-hundred day moving average price is $5.12.

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