Cubist Systematic Strategies LLC reduced its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 81.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 397,512 shares of the basic materials company's stock after selling 1,771,902 shares during the period. Cubist Systematic Strategies LLC owned 0.13% of Fortuna Silver Mines worth $1,705,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its position in shares of Fortuna Silver Mines by 10.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 20,456 shares of the basic materials company's stock valued at $88,000 after buying an additional 2,000 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Fortuna Silver Mines by 24.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 12,440 shares of the basic materials company's stock valued at $53,000 after buying an additional 2,440 shares in the last quarter. Optiver Holding B.V. purchased a new position in shares of Fortuna Silver Mines during the 4th quarter valued at about $26,000. Geode Capital Management LLC lifted its position in shares of Fortuna Silver Mines by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 148,408 shares of the basic materials company's stock valued at $644,000 after buying an additional 7,103 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. lifted its position in shares of Fortuna Silver Mines by 2.7% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 287,357 shares of the basic materials company's stock valued at $1,233,000 after buying an additional 7,644 shares in the last quarter. 33.80% of the stock is owned by hedge funds and other institutional investors.
Fortuna Silver Mines Stock Performance
NYSE:FSM opened at $5.59 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37. Fortuna Silver Mines Inc. has a 1 year low of $3.86 and a 1 year high of $6.78. The stock's 50 day simple moving average is $5.88 and its two-hundred day simple moving average is $5.11. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 69.82 and a beta of 1.10.
Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. The firm had revenue of $290.15 million during the quarter, compared to the consensus estimate of $291.00 million. As a group, equities analysts anticipate that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. CIBC downgraded Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research note on Tuesday, February 18th. Cibc World Mkts downgraded Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th. Scotiabank lifted their target price on Fortuna Silver Mines from $6.00 to $7.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th. Finally, National Bank Financial raised Fortuna Silver Mines to a "hold" rating in a research note on Friday, March 21st.
Read Our Latest Analysis on Fortuna Silver Mines
Fortuna Silver Mines Profile
(
Free Report)
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.
Read More
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