Swiss National Bank maintained its position in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 265,600 shares of the basic materials company’s stock at the end of the second quarter. Swiss National Bank owned 0.17% of Fortuna Silver Mines worth $1,301,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FSM. Marshall Wace North America L.P. acquired a new position in Fortuna Silver Mines during the 2nd quarter valued at approximately $5,797,000. Sprott Inc. boosted its position in Fortuna Silver Mines by 79.8% during the 2nd quarter. Sprott Inc. now owns 1,832,300 shares of the basic materials company’s stock valued at $8,960,000 after purchasing an additional 813,000 shares during the period. Alps Advisors Inc. boosted its position in Fortuna Silver Mines by 209.2% during the 2nd quarter. Alps Advisors Inc. now owns 902,186 shares of the basic materials company’s stock valued at $4,412,000 after purchasing an additional 610,431 shares during the period. Sei Investments Co. boosted its position in Fortuna Silver Mines by 24,858.0% during the 2nd quarter. Sei Investments Co. now owns 359,645 shares of the basic materials company’s stock valued at $1,758,000 after purchasing an additional 358,204 shares during the period. Finally, Morgan Stanley boosted its position in Fortuna Silver Mines by 48.0% during the 1st quarter. Morgan Stanley now owns 656,263 shares of the basic materials company’s stock valued at $3,413,000 after purchasing an additional 212,785 shares during the period. Institutional investors and hedge funds own 44.65% of the company’s stock.

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Fortuna Silver Mines Inc. (FSM) opened at 4.65 on Friday. Fortuna Silver Mines Inc. has a 12 month low of $4.11 and a 12 month high of $7.73. The firm’s 50-day moving average price is $4.71 and its 200-day moving average price is $4.75. The firm has a market cap of $740.39 million, a price-to-earnings ratio of 18.16 and a beta of 0.16.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its quarterly 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. Fortuna Silver Mines had a return on equity of 9.08% and a net margin of 15.97%. The firm had revenue of $63.90 million during the quarter, compared to analysts’ expectations of $58.00 million. During the same period last year, the firm posted ($0.01) EPS. The business’s revenue was up 43.6% on a year-over-year basis. Equities research analysts predict that Fortuna Silver Mines Inc. will post $0.29 earnings per share for the current year.

FSM has been the subject of a number of analyst reports. Zacks Investment Research upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Canaccord Genuity initiated coverage on Fortuna Silver Mines in a research report on Thursday, September 7th. They set a “buy” rating for the company. BidaskClub lowered Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Scotiabank reduced their price objective on Fortuna Silver Mines from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. Fortuna Silver Mines currently has an average rating of “Buy” and an average target price of $6.75.

About Fortuna Silver Mines

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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