Fortuna Silver Mines Inc (NYSE:FSM) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in shares of Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) by 26.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 73,023 shares of the basic materials company’s stock after selling 26,224 shares during the period. Jane Street Group LLC’s holdings in Fortuna Silver Mines were worth $208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new stake in Fortuna Silver Mines during the 2nd quarter worth about $290,000. Marshall Wace LLP grew its position in Fortuna Silver Mines by 177.7% during the 2nd quarter. Marshall Wace LLP now owns 1,116,593 shares of the basic materials company’s stock worth $3,183,000 after purchasing an additional 714,530 shares during the period. Morgan Stanley grew its position in Fortuna Silver Mines by 86.3% during the 2nd quarter. Morgan Stanley now owns 5,960,860 shares of the basic materials company’s stock worth $16,988,000 after purchasing an additional 2,761,876 shares during the period. Marshall Wace North America L.P. grew its position in Fortuna Silver Mines by 48.5% during the 2nd quarter. Marshall Wace North America L.P. now owns 145,800 shares of the basic materials company’s stock worth $415,000 after purchasing an additional 47,600 shares during the period. Finally, Vanguard Group Inc. grew its position in Fortuna Silver Mines by 6.8% during the 2nd quarter. Vanguard Group Inc. now owns 85,364 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 5,399 shares during the period. 37.09% of the stock is currently owned by institutional investors.

Shares of FSM stock traded up $0.07 during mid-day trading on Monday, hitting $3.15. 401,568 shares of the stock were exchanged, compared to its average volume of 2,490,709. The firm has a fifty day moving average of $3.60 and a 200 day moving average of $3.27. The company has a quick ratio of 1.47, a current ratio of 1.66 and a debt-to-equity ratio of 0.13. Fortuna Silver Mines Inc has a 52-week low of $2.39 and a 52-week high of $4.59. The company has a market cap of $496.10 million, a PE ratio of 13.13 and a beta of 0.24.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its earnings results on Wednesday, August 7th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. Fortuna Silver Mines had a net margin of 8.75% and a return on equity of 4.43%. The business had revenue of $67.91 million for the quarter. Equities analysts predict that Fortuna Silver Mines Inc will post 0.16 EPS for the current year.

Several brokerages have weighed in on FSM. ValuEngine raised Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Scotiabank raised Fortuna Silver Mines from a “sector perform” rating to a “sector outperform” rating and set a $5.00 price target on the stock in a research report on Tuesday, September 10th. Canaccord Genuity raised Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Friday, September 13th. Finally, Zacks Investment Research lowered shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $5.00.

About Fortuna Silver Mines

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.

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

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