Fortuna Silver Mines Inc. (FSM) Shares Bought by Bluefin Trading LLC

Bluefin Trading LLC lifted its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 14.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 432,142 shares of the basic materials company’s stock after purchasing an additional 54,478 shares during the period. Bluefin Trading LLC owned about 0.27% of Fortuna Silver Mines worth $2,113,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Great West Life Assurance Co. Can lifted its position in shares of Fortuna Silver Mines by 2.0% during the first quarter. Great West Life Assurance Co. Can now owns 28,722 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 561 shares during the last quarter. KCG Holdings Inc. lifted its position in shares of Fortuna Silver Mines by 2.5% during the first quarter. KCG Holdings Inc. now owns 34,009 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 821 shares during the last quarter. Eqis Capital Management Inc. lifted its position in shares of Fortuna Silver Mines by 8.3% during the second quarter. Eqis Capital Management Inc. now owns 51,904 shares of the basic materials company’s stock worth $254,000 after purchasing an additional 3,977 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Fortuna Silver Mines by 67.5% during the first quarter. UBS Asset Management Americas Inc. now owns 33,994 shares of the basic materials company’s stock worth $176,000 after purchasing an additional 13,700 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Fortuna Silver Mines by 43.1% during the first quarter. JPMorgan Chase & Co. now owns 46,788 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 14,086 shares during the last quarter. 44.65% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Fortuna Silver Mines Inc. (NYSE FSM) traded up 1.97% during trading on Friday, reaching $4.65. 928,472 shares of the company’s stock were exchanged. The company has a market capitalization of $740.39 million, a PE ratio of 18.16 and a beta of 0.16. Fortuna Silver Mines Inc. has a 52-week low of $4.11 and a 52-week high of $7.73. The company has a 50 day moving average price of $4.68 and a 200-day moving average price of $4.76.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its earnings results on Monday, August 14th. The basic materials company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. The business had revenue of $63.90 million for the quarter, compared to analysts’ expectations of $58.00 million. Fortuna Silver Mines had a net margin of 15.97% and a return on equity of 9.08%. The firm’s revenue for the quarter was up 43.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. On average, equities analysts forecast that Fortuna Silver Mines Inc. will post $0.28 earnings per share for the current year.

Several equities analysts have recently commented on FSM shares. Canaccord Genuity started coverage on shares of Fortuna Silver Mines in a research report on Thursday, September 7th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Scotiabank reduced their price target on shares of Fortuna Silver Mines from $7.00 to $6.00 and set a “sector perform” rating on the stock in a resear

Several other hedge funds also recently modified their holdings of the company. Great West Life Assurance Co. Can lifted its position in shares of Fortuna Silver Mines by 2.0% during the first quarter. Great West Life Assurance Co. Can now owns 28,722 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 561 shares during the last quarter. KCG Holdings Inc. lifted its position in shares of Fortuna Silver Mines by 2.5% during the first quarter. KCG Holdings Inc. now owns 34,009 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 821 shares during the last quarter. Eqis Capital Management Inc. lifted its position in shares of Fortuna Silver Mines by 8.3% during the second quarter. Eqis Capital Management Inc. now owns 51,904 shares of the basic materials company’s stock worth $254,000 after purchasing an additional 3,977 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Fortuna Silver Mines by 67.5% during the first quarter. UBS Asset Management Americas Inc. now owns 33,994 shares of the basic materials company’s stock worth $176,000 after purchasing an additional 13,700 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Fortuna Silver Mines by 43.1% during the first quarter. JPMorgan Chase & Co. now owns 46,788 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 14,086 shares during the last quarter. 44.65% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This news story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/08/fortuna-silver-mines-inc-fsm-shares-bought-by-bluefin-trading-llc.html.

Shares of Fortuna Silver Mines Inc. (NYSE FSM) traded up 1.97% during trading on Friday, reaching $4.65. 928,472 shares of the company’s stock were exchanged. The company has a market capitalization of $740.39 million, a PE ratio of 18.16 and a beta of 0.16. Fortuna Silver Mines Inc. has a 52-week low of $4.11 and a 52-week high of $7.73. The company has a 50 day moving average price of $4.68 and a 200-day moving average price of $4.76.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its earnings results on Monday, August 14th. The basic materials company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. The business had revenue of $63.90 million for the quarter, compared to analysts’ expectations of $58.00 million. Fortuna Silver Mines had a net margin of 15.97% and a return on equity of 9.08%. The firm’s revenue for the quarter was up 43.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. On average, equities analysts forecast that Fortuna Silver Mines Inc. will post $0.28 earnings per share for the current year.

Several equities analysts have recently commented on FSM shares. Canaccord Genuity started coverage on shares of Fortuna Silver Mines in a research report on Thursday, September 7th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Scotiabank reduced their price target on shares of Fortuna Silver Mines from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Friday. Finally, BidaskClub cut shares of Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $6.75.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.

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

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