Fortuna Silver Mines Inc. (NYSE:FSM) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC trimmed its position in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 90.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,155 shares of the basic materials company's stock after selling 1,992,889 shares during the quarter. Voloridge Investment Management LLC owned 0.06% of Fortuna Silver Mines worth $854,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FSM. Barclays PLC purchased a new stake in Fortuna Silver Mines during the 3rd quarter worth $2,227,000. Legal & General Group Plc grew its stake in shares of Fortuna Silver Mines by 10.0% in the fourth quarter. Legal & General Group Plc now owns 863,406 shares of the basic materials company's stock valued at $3,704,000 after buying an additional 78,284 shares in the last quarter. Bank of America Corp DE boosted its holdings in Fortuna Silver Mines by 15.4% in the 4th quarter. Bank of America Corp DE now owns 927,264 shares of the basic materials company's stock worth $3,978,000 after acquiring an additional 123,720 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Fortuna Silver Mines in the 4th quarter worth approximately $67,000. Finally, BNP Paribas Financial Markets acquired a new stake in Fortuna Silver Mines in the fourth quarter valued at approximately $801,000. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on FSM shares. 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. Scotiabank lifted their price target on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. CIBC cut shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. Finally, National Bank Financial raised Fortuna Silver Mines to a "hold" rating in a research report on Friday, March 21st.

Fortuna Silver Mines Stock Up 0.9%

Shares of FSM traded up $0.05 during trading on Friday, reaching $5.85. The company's stock had a trading volume of 21,715,642 shares, compared to its average volume of 10,357,106. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 73.13 and a beta of 1.10. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $5.93 and a two-hundred day moving average of $5.18. Fortuna Silver Mines Inc. has a twelve month low of $3.86 and a twelve month high of $6.78.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last issued its quarterly earnings results 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 company had revenue of $290.15 million during the quarter, compared to the consensus estimate of $291.00 million. On average, sell-side analysts predict that Fortuna Silver Mines Inc. will post 0.51 EPS for the current fiscal year.

About Fortuna Silver Mines

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.