Creative Planning Lowers Holdings in Fortuna Silver Mines Inc (FSM)

Creative Planning lessened its stake in Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) by 52.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,781 shares of the basic materials company’s stock after selling 22,000 shares during the quarter. Creative Planning’s holdings in Fortuna Silver Mines were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC increased its position in Fortuna Silver Mines by 123.7% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 26,040 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 14,400 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in shares of Fortuna Silver Mines in the 2nd quarter valued at about $147,000. OxFORD Asset Management LLP bought a new position in shares of Fortuna Silver Mines in the 2nd quarter valued at about $150,000. Shell Asset Management Co. boosted its stake in shares of Fortuna Silver Mines by 124.9% in the 3rd quarter. Shell Asset Management Co. now owns 31,141 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 17,292 shares during the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in shares of Fortuna Silver Mines in the 3rd quarter valued at about $152,000. Hedge funds and other institutional investors own 43.58% of the company’s stock.

FSM has been the topic of several recent research reports. BMO Capital Markets initiated coverage on shares of Fortuna Silver Mines in a research note on Friday, November 17th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Raymond James Financial lowered shares of Fortuna Silver Mines from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $6.75.

Fortuna Silver Mines Inc (NYSE:FSM) opened at $4.46 on Friday. The stock has a market cap of $710.39, a PE ratio of 18.58 and a beta of 0.04. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.77 and a quick ratio of 4.45. Fortuna Silver Mines Inc has a one year low of $4.03 and a one year high of $6.70.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its earnings results on Wednesday, November 8th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $64.00 million for the quarter, compared to analyst estimates of $56.00 million. Fortuna Silver Mines had a net margin of 15.44% and a return on equity of 9.15%. sell-side analysts expect that Fortuna Silver Mines Inc will post 0.34 earnings per share for the current fiscal year.

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Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.

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

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