Millennium Management LLC Grows Stake in Fortuna Silver Mines Inc (FSM)

Millennium Management LLC lifted its holdings in Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 876,657 shares of the basic materials company’s stock after acquiring an additional 7,737 shares during the quarter. Millennium Management LLC owned 0.55% of Fortuna Silver Mines worth $3,191,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FSM. Wells Fargo & Company MN boosted its holdings in Fortuna Silver Mines by 3,962.3% during the third quarter. Wells Fargo & Company MN now owns 23,683 shares of the basic materials company’s stock worth $103,000 after buying an additional 23,100 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Fortuna Silver Mines during the third quarter worth $842,000. Renaissance Technologies LLC boosted its holdings in Fortuna Silver Mines by 55.6% during the third quarter. Renaissance Technologies LLC now owns 3,810,700 shares of the basic materials company’s stock worth $16,653,000 after buying an additional 1,362,100 shares in the last quarter. Jane Street Group LLC boosted its holdings in Fortuna Silver Mines by 697.6% during the third quarter. Jane Street Group LLC now owns 254,605 shares of the basic materials company’s stock worth $1,113,000 after buying an additional 222,685 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Fortuna Silver Mines by 38.1% during the third quarter. Morgan Stanley now owns 2,301,755 shares of the basic materials company’s stock worth $10,059,000 after buying an additional 635,296 shares in the last quarter. Hedge funds and other institutional investors own 45.64% of the company’s stock.

FSM opened at $3.05 on Friday. The company has a current ratio of 3.57, a quick ratio of 3.34 and a debt-to-equity ratio of 0.12. The firm has a market cap of $487.82 million, a price-to-earnings ratio of 12.71 and a beta of 0.20. Fortuna Silver Mines Inc has a 52-week low of $3.04 and a 52-week high of $5.98.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings data on Wednesday, March 13th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The business had revenue of $59.60 million for the quarter. Fortuna Silver Mines had a net margin of 12.92% and a return on equity of 5.78%. On average, research analysts anticipate that Fortuna Silver Mines Inc will post 0.12 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on FSM. Canaccord Genuity downgraded shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a report on Wednesday, February 20th. Zacks Investment Research downgraded shares of Fortuna Silver Mines from a “hold” rating to a “sell” rating in a report on Wednesday, February 27th. ValuEngine downgraded shares of Fortuna Silver Mines from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, CIBC downgraded shares of Fortuna Silver Mines from a “sector outperform” rating to a “neutral” rating in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $6.25.

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Fortuna Silver Mines Profile

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.

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

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