Fortuna Silver Mines Inc. (NYSE:FSM) Shares Sold by Amundi

Amundi lowered its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 15.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,398,635 shares of the basic materials company’s stock after selling 644,025 shares during the quarter. Amundi’s holdings in Fortuna Silver Mines were worth $15,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Fortuna Silver Mines in the fourth quarter worth approximately $34,000. SeaCrest Wealth Management LLC acquired a new position in shares of Fortuna Silver Mines in the 4th quarter valued at $45,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Fortuna Silver Mines during the 4th quarter worth $67,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Fortuna Silver Mines during the 4th quarter worth about $68,000. Finally, SG Americas Securities LLC raised its holdings in Fortuna Silver Mines by 61.8% in the 4th quarter. SG Americas Securities LLC now owns 22,207 shares of the basic materials company’s stock valued at $95,000 after buying an additional 8,484 shares during the period. Institutional investors and hedge funds own 33.80% of the company’s stock.

Fortuna Silver Mines Stock Performance

Shares of Fortuna Silver Mines stock opened at $5.66 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 70.70 and a beta of 1.50. The business has a 50-day moving average of $4.71 and a 200 day moving average of $4.72. Fortuna Silver Mines Inc. has a 12 month low of $3.23 and a 12 month high of $6.36.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. The business had revenue of $302.20 million during the quarter, compared to analyst estimates of $301.65 million. As a group, sell-side analysts forecast that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current year.

Wall Street Analyst Weigh In

FSM has been the subject of several research analyst reports. Scotiabank lowered their target price on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 15th. Cibc World Mkts cut shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 18th. Finally, CIBC lowered Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research report on Tuesday, February 18th.

Fortuna Silver Mines Profile

Fortuna Mining Corp. engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d’Ivoire.