Point72 Asia Singapore Pte. Ltd. Takes Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 18,809 shares of the basic materials company’s stock, valued at approximately $92,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sprott Inc. increased its position in shares of Fortuna Silver Mines by 10.0% during the fourth quarter. Sprott Inc. now owns 2,379,070 shares of the basic materials company’s stock worth $9,171,000 after purchasing an additional 217,036 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in 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 during the last quarter. K2 Principal Fund L.P. acquired a new stake in shares of Fortuna Silver Mines in the second quarter valued at approximately $550,000. D. E. Shaw & Co. Inc. grew its position in shares of Fortuna Silver Mines by 165.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 5,557,376 shares of the basic materials company’s stock worth $27,176,000 after acquiring an additional 3,467,562 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Fortuna Silver Mines by 5.1% in 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 acquiring an additional 388,903 shares during the period. 33.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Scotiabank raised their price objective on shares of 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 1.1 %

NYSE:FSM opened at $4.89 on Friday. Fortuna Silver Mines Inc. has a 12-month low of $2.63 and a 12-month high of $6.36. The company has a current ratio of 1.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $4.62 and its 200-day simple moving average is $4.81. The firm has a market cap of $1.50 billion, a P/E ratio of -44.41 and a beta of 1.60.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings results 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). The firm had revenue of $259.97 million for the quarter. Fortuna Silver Mines had a return on equity of 8.75% and a net margin of 0.20%. Equities analysts anticipate that Fortuna Silver Mines Inc. will post 0.47 EPS for the current year.

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.