Vanguard Capital Wealth Advisors Grows Stock Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Vanguard Capital Wealth Advisors boosted its stake in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 186.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,501 shares of the basic materials company’s stock after acquiring an additional 28,952 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Fortuna Silver Mines were worth $271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Optiver Holding B.V. purchased a new position in Fortuna Silver Mines in the 4th quarter worth approximately $26,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Fortuna Silver Mines in the 4th quarter worth approximately $34,000. Bank of Nova Scotia purchased a new position in Fortuna Silver Mines in the 4th quarter worth approximately $46,000. TD Waterhouse Canada Inc. boosted its holdings in 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 worth $53,000 after acquiring an additional 2,440 shares during the period. Finally, Dark Forest Capital Management LP purchased a new position in Fortuna Silver Mines in the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Analyst Ratings Changes

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

Fortuna Silver Mines Stock Performance

Fortuna Silver Mines stock opened at $7.13 on Friday. The stock has a market cap of $2.19 billion, a P/E ratio of 89.14 and a beta of 0.93. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $6.01 and a 200-day moving average of $5.26. Fortuna Silver Mines Inc. has a 52 week low of $3.86 and a 52 week high of $7.55.

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

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.