Graham Capital Management L.P. Cuts Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Graham Capital Management L.P. lowered its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 53.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,498 shares of the basic materials company's stock after selling 80,337 shares during the period. Graham Capital Management L.P.'s holdings in Fortuna Silver Mines were worth $298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of FSM. Optiver Holding B.V. acquired a new stake in Fortuna Silver Mines in the 4th quarter valued at about $26,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Fortuna Silver Mines in the fourth quarter valued at approximately $34,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Fortuna Silver Mines in the fourth quarter valued at approximately $45,000. Bank of Nova Scotia purchased a new position in Fortuna Silver Mines during the fourth quarter worth approximately $46,000. Finally, TD Waterhouse Canada Inc. boosted its stake in Fortuna Silver Mines by 24.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 12,440 shares of the basic materials company's stock worth $53,000 after buying an additional 2,440 shares during the last quarter. Institutional investors and hedge funds own 33.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FSM shares. National Bank Financial raised Fortuna Silver Mines to a "hold" rating in a research note on Friday, March 21st. 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. CIBC lowered shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a report on Tuesday, February 18th. Finally, Scotiabank raised 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 report on Monday, April 14th.

Fortuna Silver Mines Trading Up 2.2%

Shares of Fortuna Silver Mines stock traded up $0.12 during trading hours on Tuesday, hitting $5.66. The company's stock had a trading volume of 11,375,709 shares, compared to its average volume of 10,075,803. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 70.76 and a beta of 1.10. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. Fortuna Silver Mines Inc. has a twelve month low of $3.86 and a twelve month high of $6.78. The firm has a fifty day moving average of $5.94 and a 200-day moving average of $5.13.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last announced its 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). The firm had revenue of $290.15 million during the quarter, compared to analysts' expectations of $291.00 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. Research analysts forecast that Fortuna Silver Mines Inc. will post 0.51 EPS for the current year.

Fortuna Silver Mines Company 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.