MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 1,061,488 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,512,773 shares of the basic materials company's stock after selling 1,061,488 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.45% of Fortuna Silver Mines worth $32,230,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Optiver Holding B.V. bought a new stake in shares of Fortuna Silver Mines during the fourth quarter worth $26,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Fortuna Silver Mines during the fourth quarter worth $34,000. SeaCrest Wealth Management LLC bought a new stake in shares of Fortuna Silver Mines during the fourth quarter worth $45,000. Bank of Nova Scotia bought a new stake in shares of Fortuna Silver Mines during the fourth quarter worth $46,000. Finally, TD Waterhouse Canada Inc. increased its position in shares of 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 acquiring an additional 2,440 shares in the last quarter. Institutional investors own 33.80% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FSM. Scotiabank increased their price objective on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. National Bank Financial raised shares of Fortuna Silver Mines to a "hold" rating in a research report on Friday, March 21st. CIBC downgraded shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. Finally, Cibc World Mkts downgraded shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 18th.

Fortuna Silver Mines Stock Down 1.0%

Fortuna Silver Mines stock traded down $0.06 during mid-day trading on Friday, reaching $5.39. The company's stock had a trading volume of 24,533,692 shares, compared to its average volume of 10,087,486. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 67.32 and a beta of 1.10. Fortuna Silver Mines Inc. has a 12 month low of $3.86 and a 12 month high of $6.78. The business's 50 day simple moving average is $5.93 and its 200 day simple moving average is $5.12. 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 (NYSE:FSM - Get Free Report) TSE: FVI last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business had revenue of $290.15 million during the quarter, compared to the consensus estimate of $291.00 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. As a group, research analysts anticipate that Fortuna Silver Mines Inc. will post 0.51 earnings per share 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.