Integrated Advisors Network LLC Purchases 100,500 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

Integrated Advisors Network LLC boosted its position in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 208.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 148,630 shares of the basic materials company’s stock after purchasing an additional 100,500 shares during the period. Integrated Advisors Network LLC’s holdings in Fortuna Silver Mines were worth $574,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Rathbones Group PLC purchased a new stake in Fortuna Silver Mines during the third quarter valued at approximately $34,000. SG Americas Securities LLC bought a new position in Fortuna Silver Mines in the 4th quarter worth $82,000. Tower Research Capital LLC TRC lifted its position in Fortuna Silver Mines by 84.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 25,183 shares of the basic materials company’s stock valued at $97,000 after purchasing an additional 11,548 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Fortuna Silver Mines during the fourth quarter valued at about $100,000. Finally, HTLF Bank purchased a new stake in Fortuna Silver Mines in the fourth quarter worth about $112,000. 33.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FSM shares. StockNews.com raised Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. TheStreet lowered shares of Fortuna Silver Mines from a “c-” rating to a “d” rating in a research report on Thursday, March 7th. Finally, Scotiabank increased their price objective on shares of Fortuna Silver Mines from $4.75 to $6.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd.

Fortuna Silver Mines Stock Performance

NYSE:FSM opened at $4.88 on Tuesday. The stock has a 50-day moving average price of $5.15 and a 200 day moving average price of $4.05. The company has a current ratio of 1.27, a quick ratio of 0.76 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines Inc. has a 12-month low of $2.58 and a 12-month high of $6.36. The stock has a market capitalization of $1.49 billion, a P/E ratio of -44.31 and a beta of 1.60.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its earnings results on Tuesday, May 7th. The basic materials company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. The firm had revenue of $224.95 million for the quarter. Fortuna Silver Mines had a negative net margin of 3.94% and a positive return on equity of 6.04%. Equities research analysts forecast that Fortuna Silver Mines Inc. will post 0.37 EPS for the current fiscal year.

Fortuna Silver Mines Profile

Fortuna Silver Mines Inc 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.