The most recent 13F filing that Assenagon Asset Management S.A. submitted to the Securities and Exchange Commission revealed the company’s shares in Fortuna Silver Mines Inc. (NYSE: FSM) (TSE: FVI) were reduced during the third quarter. The filing was made with the SEC. Following the sale of 40,044 shares of the company’s stock during the period in question, the institutional investor became the owner of 249,201 shares of the stock held by the basic materials company. The most recent SEC report filed by Assenagon Asset Management S.A. indicated that the company owned approximately 0.09% of Fortuna Silver Mines, which had a market value of $628,000.
In recent months, several other notable investors have changed the quantity of FSM stock held in their respective portfolios. To increase the proportion of Fortuna Silver Mines shares it owned at the end of the third quarter, Versor Investments L.P. purchased approximately $168,000 worth of additional stock in the company. During the third quarter, A.E. Wealth Management LLC completed an increase of 11.9% in the proportion of Fortuna Silver Mines stock that it possessed as a result of previous purchases. Following acquiring an additional 5,000 shares during the most recent fiscal quarter, A.E. Wealth Management LLC now holds 47,130 stock from the basic materials company. Each share of this company’s stock is valued at $119,000. During the third quarter, Dorchester Wealth Management achieved a 39.4 percent increase in the proportion of Fortuna Silver Mines stock it owned. Dorchester Wealth Management Company now has a total shareholding of 150,000 in the basic materials business, which has a market capitalization of $375,000 after purchasing an additional 42,387 shares during the most recent quarter. Pendal Group Ltd. spent $71,000 to acquire an additional position in Fortuna Silver Mines during the third quarter of the fiscal year. And as a final point of interest, Mackenzie Financial Corporation increased the percentage of Fortuna Silver Mines stock owned by 5.3% during the third quarter. After making an additional 6,139 share purchase during the most recent quarter, Mackenzie Financial Corp. now has a total of 122,258 shares of stock in the company that specializes in primary materials in its possession. The total value of the stocks held by Mackenzie Financial Corporation at the moment is $306,000. To the tune of 26.79% of the company’s shares, hedge funds and other institutional investors are the owners of those shares.
Quite a few research companies have made their reports on FSM available to the public. Following the publication of a research report on Wednesday, December 7, StockNews.com reaffirmed its “hold” rating on shares of Fortuna Silver Mines. Previously, the company had assigned a “sell” rating to the company’s shares. The price target that National Bank Financial has set for the common shares of Fortuna Silver Mines has increased from 5.25 Canadian Dollars to 6.00 Canadian Dollars due to a research study that was made public on Friday. BMO Capital Markets increased their price objective for Fortuna Silver Mines from C$5.75 to C$6.00 in a research note published on Tuesday, December 6. The agenda was complete, and this was the final and most important item.
When the market opened on Tuesday morning, the price of a share of stock in Fortuna Silver Mines was $3.68 per share. During the previous year, the price of Fortuna Silver Mines Inc. fluctuated between $2.05 and $4.68 at various points. The price has dropped to an all-time low in the last year. The debt-to-equity ratio comes in at 0.15, the quick ratio comes in at 1.29, the current ratio comes in at 1.93, and the quick ratio comes in at 1.29. The company’s moving average price over the past 50 days is $3.68, and its moving average price over the past 200 days is $2.99. The company’s price-to-earnings ratio is currently 26.29, and its beta value is 1.20. The company’s market capitalization is currently $1.07 billion.
The most recent quarterly earnings report for Fortuna Silver Mines, traded on the New York Stock Exchange (NYSE: FSM) and the Toronto Stock Exchange (TSE: FVI), was released on November 9. The company that deals in basic materials reported earnings per share for the quarter of $0.01, which was $0.05 less than the average estimate of $0.02 floating around. The company’s quarterly revenue of $166.57 million surpassed the analysts’ projections of $152 million, coming in at a total of $166.57 million instead of the expected amount of $152 million. The impressive results achieved by Fortuna Silver Mines can be seen in their high net margin of 5.76% and their return on equity of 4.63%, respectively. The sell-side analysts anticipate that Fortuna Silver Mines Inc. will generate $0.14 in earnings per share in 2018.
In addition to Côte d’Ivoire, Argentina, Burkina Faso, Mexico, and Peru are some countries Fortuna Silver Exploits Inc. acquires, explores, and mines precious and base metal resources. In the southern part of Peru, you’ll find the Caylloma mine, which contains silver, lead, and zinc. The silver and gold mine of San Jose can be found in the southern part of Mexico. Argentina is the country that is home to the Lindero gold project. Gold is mined at the Yaramoko mine, which can be found in the southwestern part of Burkina Faso. Gold is mined at the Séguéla mine, which can be found in the southwestern part of Côte d’Ivoire.