Two Sigma Investments LP Has $11.08 Million Stock Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Two Sigma Investments LP trimmed its position in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 28.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,583,329 shares of the basic materials company’s stock after selling 1,002,358 shares during the period. Two Sigma Investments LP’s holdings in Fortuna Silver Mines were worth $11,082,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of FSM. 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 acquiring an additional 2,165,430 shares during the period. Invesco Ltd. raised its position in shares of Fortuna Silver Mines by 1,558.0% in the 4th quarter. Invesco Ltd. now owns 1,940,748 shares of the basic materials company’s stock valued at $8,326,000 after acquiring an additional 1,823,695 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Fortuna Silver Mines by 17.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 8,340,195 shares of the basic materials company’s stock valued at $35,779,000 after acquiring an additional 1,219,864 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Fortuna Silver Mines by 63.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,170,700 shares of the basic materials company’s stock valued at $9,305,000 after acquiring an additional 845,900 shares during the period. Finally, Man Group plc raised its position in shares of Fortuna Silver Mines by 127.3% in the 4th quarter. Man Group plc now owns 1,485,494 shares of the basic materials company’s stock valued at $6,373,000 after acquiring an additional 831,994 shares during the period. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Fortuna Silver Mines Stock Performance

Shares of FSM stock opened at $5.84 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The company has a market capitalization of $1.79 billion, a P/E ratio of 72.95 and a beta of 1.10. The company’s 50 day moving average price is $5.94 and its two-hundred day moving average price is $5.15. Fortuna Silver Mines Inc. has a 52 week low of $3.86 and a 52 week high of $6.78.

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

Wall Street Analyst Weigh In

FSM has been the topic of a number of analyst reports. Cibc World Mkts downgraded shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 18th. Scotiabank increased their price target on shares of 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 upgraded shares of Fortuna Silver Mines to a “hold” rating in a report on Friday, March 21st. Finally, CIBC downgraded shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a report on Tuesday, February 18th.

Fortuna Silver Mines Company 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.