Guggenheim Capital LLC Sells 85,256 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

Guggenheim Capital LLC cut its holdings in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 22.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,947 shares of the basic materials company's stock after selling 85,256 shares during the period. Guggenheim Capital LLC owned about 0.10% of Fortuna Silver Mines worth $1,278,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Fortuna Silver Mines in the fourth quarter worth approximately $34,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Fortuna Silver Mines during the 4th quarter valued at $45,000. Bank of Nova Scotia acquired a new position in Fortuna Silver Mines in the fourth quarter valued at $46,000. Mariner LLC purchased a new stake in Fortuna Silver Mines during the fourth quarter valued at about $63,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Fortuna Silver Mines in the 4th quarter worth about $67,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FSM. CIBC downgraded Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a report on Tuesday, February 18th. Cibc World Mkts downgraded Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 18th. Scotiabank upped their price target on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Finally, National Bank Financial raised shares of Fortuna Silver Mines to a "hold" rating in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $7.00.

Fortuna Silver Mines Stock Performance

Shares of FSM stock traded down $0.05 during mid-day trading on Friday, reaching $6.08. The stock had a trading volume of 8,549,550 shares, compared to its average volume of 9,552,671. Fortuna Silver Mines Inc. has a one year low of $3.86 and a one year high of $6.78. 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 firm's 50 day simple moving average is $5.56 and its 200 day simple moving average is $5.03. The firm has a market cap of $1.87 billion, a PE ratio of 76.01 and a beta of 1.22.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last released 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). The company had revenue of $302.20 million for the quarter, compared to analyst estimates of $301.65 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. On average, analysts forecast that Fortuna Silver Mines Inc. will post 0.51 EPS for the current year.

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.