American Century Companies Inc. Increases Stock Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

American Century Companies Inc. boosted its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,038,830 shares of the basic materials company’s stock after acquiring an additional 668,590 shares during the period. American Century Companies Inc. owned 1.64% of Fortuna Silver Mines worth $21,625,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Fortuna Silver Mines during the third quarter valued at approximately $1,347,000. Franklin Resources Inc. increased its stake in Fortuna Silver Mines by 616.1% in the third quarter. Franklin Resources Inc. now owns 253,500 shares of the basic materials company’s stock valued at $1,231,000 after acquiring an additional 218,100 shares during the last quarter. Barclays PLC purchased a new stake in Fortuna Silver Mines during the third quarter valued at about $2,227,000. Public Employees Retirement System of Ohio bought a new stake in Fortuna Silver Mines during the third quarter worth about $1,765,000. Finally, Centiva Capital LP boosted its holdings in shares of Fortuna Silver Mines by 457.3% in the 3rd quarter. Centiva Capital LP now owns 144,059 shares of the basic materials company’s stock worth $667,000 after purchasing an additional 118,209 shares in the last quarter. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. CIBC downgraded Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research report on Tuesday, February 18th. National Bank Financial upgraded shares of Fortuna Silver Mines to a “hold” rating in a report on Friday, March 21st. Scotiabank reduced their target price on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 15th. Finally, Cibc World Mkts downgraded shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.00.

Fortuna Silver Mines Stock Performance

NYSE:FSM opened at $6.12 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. Fortuna Silver Mines Inc. has a fifty-two week low of $3.72 and a fifty-two week high of $6.50. The firm has a market cap of $1.87 billion, a PE ratio of 76.45 and a beta of 1.50. The business has a 50 day moving average price of $5.06 and a 200-day moving average price of $4.84.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings results on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09). Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. The firm had revenue of $302.20 million for the quarter, compared to analysts’ expectations of $301.65 million. Equities research analysts predict that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current 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.