Arrowstreet Capital Limited Partnership Sells 26,496 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

Arrowstreet Capital Limited Partnership lowered its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,961,179 shares of the basic materials company’s stock after selling 26,496 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 2.27% of Fortuna Silver Mines worth $29,841,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its position in shares of Fortuna Silver Mines by 10.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 20,456 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 2,000 shares during the last quarter. Toronto Dominion Bank increased its position in Fortuna Silver Mines by 19.6% during the third quarter. Toronto Dominion Bank now owns 31,983 shares of the basic materials company’s stock worth $148,000 after acquiring an additional 5,240 shares during the period. Geode Capital Management LLC raised its stake in Fortuna Silver Mines by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 141,305 shares of the basic materials company’s stock valued at $660,000 after purchasing an additional 5,858 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. boosted its holdings in Fortuna Silver Mines by 2.7% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 287,357 shares of the basic materials company’s stock valued at $1,233,000 after purchasing an additional 7,644 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Fortuna Silver Mines during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

Analyst Ratings Changes

FSM has been the subject of several research reports. Scotiabank reduced 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 report on Tuesday, February 18th. National Bank Financial upgraded Fortuna Silver Mines to a “hold” rating in a research note on Friday, March 21st. Finally, CIBC downgraded shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Fortuna Silver Mines Price Performance

Fortuna Silver Mines stock opened at $6.24 on Thursday. The business has a 50 day simple moving average of $5.17 and a 200 day simple moving average of $4.87. Fortuna Silver Mines Inc. has a one year low of $3.86 and a one year high of $6.50. The company has a market capitalization of $1.91 billion, a PE ratio of 78.01 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its earnings results on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09). The firm had revenue of $302.20 million during the quarter, compared to the consensus estimate 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 EPS for the current fiscal 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.