Fortuna Silver Mines Inc. (NYSE:FSM) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank increased its stake in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 95.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,743 shares of the basic materials company’s stock after buying an additional 13,062 shares during the quarter. Toronto Dominion Bank’s holdings in Fortuna Silver Mines were worth $131,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Sprott Inc. grew its stake in shares of Fortuna Silver Mines by 10.0% in the fourth quarter. Sprott Inc. now owns 2,379,070 shares of the basic materials company’s stock valued at $9,171,000 after buying an additional 217,036 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Fortuna Silver Mines by 273.0% in the second quarter. Cubist Systematic Strategies LLC now owns 1,263,905 shares of the basic materials company’s stock valued at $6,180,000 after buying an additional 925,084 shares in the last quarter. K2 Principal Fund L.P. acquired a new stake in shares of Fortuna Silver Mines in the second quarter valued at about $550,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Fortuna Silver Mines by 5.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,955,544 shares of the basic materials company’s stock valued at $29,710,000 after purchasing an additional 388,903 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Fortuna Silver Mines during the 4th quarter valued at approximately $77,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

Fortuna Silver Mines Price Performance

Shares of NYSE FSM opened at $4.78 on Wednesday. Fortuna Silver Mines Inc. has a fifty-two week low of $2.58 and a fifty-two week high of $6.36. The business has a 50 day moving average price of $4.62 and a two-hundred day moving average price of $4.79. The company has a quick ratio of 1.00, a current ratio of 1.51 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.46 billion, a PE ratio of -43.45 and a beta of 1.59.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Fortuna Silver Mines had a net margin of 0.20% and a return on equity of 8.75%. The business had revenue of $259.97 million for the quarter. Sell-side analysts expect that Fortuna Silver Mines Inc. will post 0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Scotiabank raised their price objective on Fortuna Silver Mines from $6.00 to $6.50 and gave the company a “sector perform” rating in a research note on Monday, August 19th.

Fortuna Silver Mines Company 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.