Mackenzie Financial Corp Trims Stock Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Mackenzie Financial Corp lessened its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 94.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,741 shares of the basic materials company's stock after selling 2,580,091 shares during the quarter. Mackenzie Financial Corp's holdings in Fortuna Silver Mines were worth $534,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FSM. Ruffer LLP increased its position in Fortuna Silver Mines by 59.0% during the third quarter. Ruffer LLP now owns 3,368,940 shares of the basic materials company's stock worth $9,206,000 after buying an additional 1,250,000 shares during the last quarter. Maven Securities LTD bought a new stake in shares of Fortuna Silver Mines during the third quarter worth approximately $1,952,000. Assenagon Asset Management S.A. bought a new stake in shares of Fortuna Silver Mines during the third quarter worth approximately $1,125,000. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of Fortuna Silver Mines during the fourth quarter worth approximately $1,220,000. Finally, Jump Financial LLC boosted its holdings in shares of Fortuna Silver Mines by 691.4% during the third quarter. Jump Financial LLC now owns 337,242 shares of the basic materials company's stock worth $917,000 after acquiring an additional 294,631 shares during the period. Institutional investors and hedge funds own 33.80% of the company's stock.

Fortuna Silver Mines Price Performance

Shares of FSM stock traded down $0.01 during trading on Friday, hitting $4.77. The company had a trading volume of 4,629,126 shares, compared to its average volume of 7,515,602. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.89 and a current ratio of 1.37. The firm has a market capitalization of $1.46 billion, a P/E ratio of -29.81 and a beta of 1.64. The stock's 50-day moving average price is $3.73 and its 200 day moving average price is $3.49. Fortuna Silver Mines Inc. has a one year low of $2.58 and a one year high of $4.94.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last issued its quarterly earnings results on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $265.31 million during the quarter. Fortuna Silver Mines had a negative net margin of 5.99% and a positive return on equity of 5.03%. Equities analysts expect that Fortuna Silver Mines Inc. will post 0.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FSM. TheStreet cut Fortuna Silver Mines from a "c-" rating to a "d" rating in a report on Thursday, March 7th. Scotiabank boosted their price objective on Fortuna Silver Mines from $4.00 to $4.75 and gave the stock a "sector perform" rating in a report on Monday, April 8th. Finally, StockNews.com cut Fortuna Silver Mines from a "buy" rating to a "hold" rating in a report on Monday, April 15th.

Fortuna Silver Mines Profile

Fortuna Silver Mines Inc 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.