American Century Companies Inc. Acquires New Stake in Fortuna Silver Mines Inc (FSM)

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American Century Companies Inc. acquired a new position in shares of Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 140,700 shares of the basic materials company’s stock, valued at approximately $733,000. American Century Companies Inc. owned 0.09% of Fortuna Silver Mines as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in FSM. Cypress Wealth Services LLC acquired a new stake in shares of Fortuna Silver Mines during the fourth quarter worth $200,000. Trexquant Investment LP acquired a new stake in shares of Fortuna Silver Mines during the first quarter worth $201,000. Highstreet Asset Management Inc. grew its stake in shares of Fortuna Silver Mines by 135.9% during the fourth quarter. Highstreet Asset Management Inc. now owns 38,964 shares of the basic materials company’s stock worth $203,000 after purchasing an additional 22,446 shares during the period. Scotia Capital Inc. grew its stake in shares of Fortuna Silver Mines by 29.4% during the fourth quarter. Scotia Capital Inc. now owns 61,385 shares of the basic materials company’s stock worth $320,000 after purchasing an additional 13,956 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Fortuna Silver Mines during the fourth quarter worth $344,000. 41.39% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines traded up $0.17, reaching $5.71, on Thursday, Marketbeat.com reports. The company’s stock had a trading volume of 1,480,615 shares, compared to its average volume of 923,339. Fortuna Silver Mines Inc has a 1-year low of $4.03 and a 1-year high of $6.08. The company has a current ratio of 5.39, a quick ratio of 5.02 and a debt-to-equity ratio of 0.07. The stock has a market cap of $876.41 million, a price-to-earnings ratio of 18.42 and a beta of -0.02.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings data on Wednesday, May 9th. The basic materials company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $70.40 million during the quarter, compared to analysts’ expectations of $63.00 million. Fortuna Silver Mines had a return on equity of 8.71% and a net margin of 24.53%. Fortuna Silver Mines’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. sell-side analysts forecast that Fortuna Silver Mines Inc will post 0.21 earnings per share for the current year.

A number of equities research analysts recently commented on FSM shares. TheStreet raised Fortuna Silver Mines from a “c+” rating to a “b” rating in a research note on Wednesday, March 21st. ValuEngine raised Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research note on Thursday, April 19th. Zacks Investment Research raised Fortuna Silver Mines from a “sell” rating to a “hold” rating and set a $5.75 target price for the company in a research note on Wednesday, March 21st. Finally, National Bank Financial cut Fortuna Silver Mines from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Wednesday, May 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $5.88.

About Fortuna Silver Mines

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. It explores for silver, gold, lead, and zinc deposits. The company holds interests in the Caylloma mine located in southern Peru; and the San Jose mine situated in the state of Oaxaca in southern Mexico.

Institutional Ownership by Quarter for Fortuna Silver Mines (NYSE:FSM)

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