Fortuna Silver Mines Inc. (NYSE:FSM) Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC cut its holdings in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 1.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,700 shares of the basic materials company’s stock after selling 5,300 shares during the period. NewEdge Advisors LLC owned about 0.10% of Fortuna Silver Mines worth $1,549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Banque Cantonale Vaudoise acquired a new stake in shares of Fortuna Silver Mines during the second quarter worth about $36,000. Perritt Capital Management Inc. increased its holdings in Fortuna Silver Mines by 40.0% in the first quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock valued at $39,000 after buying an additional 3,000 shares in the last quarter. Hohimer Wealth Management LLC acquired a new position in Fortuna Silver Mines during the second quarter worth $54,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Fortuna Silver Mines during the 1st quarter worth $56,000. Finally, Choreo LLC purchased a new stake in shares of Fortuna Silver Mines in the 2nd quarter worth about $59,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Fortuna Silver Mines Trading Up 1.0 %

Shares of FSM stock opened at $4.88 on Friday. Fortuna Silver Mines Inc. has a twelve month low of $2.63 and a twelve month high of $6.36. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -44.36 and a beta of 1.60. The firm has a 50-day moving average price of $4.62 and a 200 day moving average price of $4.82. The company has a current ratio of 1.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $259.97 million for the quarter. Research analysts forecast that Fortuna Silver Mines Inc. will post 0.47 earnings per share for the current fiscal year.

About Fortuna Silver Mines

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.