Amundi Lowers Stake in Fortuna Silver Mines Inc. (NYSE:FSM)

Amundi lessened its holdings in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 15.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,398,635 shares of the basic materials company’s stock after selling 644,025 shares during the period. Amundi owned about 1.11% of Fortuna Silver Mines worth $15,328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FSM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Fortuna Silver Mines in the third quarter valued at approximately $1,347,000. Franklin Resources Inc. grew its stake in Fortuna Silver Mines by 616.1% in the 3rd quarter. Franklin Resources Inc. now owns 253,500 shares of the basic materials company’s stock valued at $1,231,000 after acquiring an additional 218,100 shares during the period. Barclays PLC purchased a new stake in Fortuna Silver Mines in the 3rd quarter worth $2,227,000. Public Employees Retirement System of Ohio acquired a new position in Fortuna Silver Mines during the third quarter worth $1,765,000. Finally, Centiva Capital LP lifted its holdings in Fortuna Silver Mines by 457.3% during the third quarter. Centiva Capital LP now owns 144,059 shares of the basic materials company’s stock valued at $667,000 after purchasing an additional 118,209 shares in the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Analyst Upgrades and Downgrades

FSM has been the subject of a number of research reports. Scotiabank cut their target price on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 15th. Cibc World Mkts lowered Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 18th. Finally, CIBC downgraded Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research report on Tuesday, February 18th.

Fortuna Silver Mines Stock Performance

NYSE:FSM opened at $5.66 on Friday. The company has a market cap of $1.73 billion, a P/E ratio of 70.70 and a beta of 1.50. Fortuna Silver Mines Inc. has a twelve month low of $3.23 and a twelve month high of $6.36. The company’s 50-day moving average price is $4.71 and its 200-day moving average price is $4.72. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its earnings results 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 business had revenue of $302.20 million during the quarter, compared to analysts’ expectations of $301.65 million. Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. On average, sell-side analysts forecast that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal 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.