Fortuna Silver Mines Inc. (NYSE:FSM) Shares Sold by Amundi

Amundi decreased its position in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 15.9% during the 4th quarter, according to the company in its most recent disclosure 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 quarter. Amundi owned 1.11% of Fortuna Silver Mines worth $15,328,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FSM. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Fortuna Silver Mines in the 4th quarter valued at $34,000. SeaCrest Wealth Management LLC purchased a new position in Fortuna Silver Mines in the fourth quarter valued at $45,000. Y Intercept Hong Kong Ltd acquired a new stake in Fortuna Silver Mines in the fourth quarter valued at $67,000. Kingswood Wealth Advisors LLC purchased a new stake in Fortuna Silver Mines during the 4th quarter worth about $68,000. Finally, SG Americas Securities LLC boosted its position in shares of Fortuna Silver Mines by 61.8% during the 4th quarter. SG Americas Securities LLC now owns 22,207 shares of the basic materials company's stock worth $95,000 after acquiring an additional 8,484 shares in the last quarter. Institutional investors and hedge funds own 33.80% of the company's stock.

Fortuna Silver Mines Stock Performance

Shares of NYSE FSM traded up $0.20 during trading hours on Tuesday, reaching $5.95. The stock had a trading volume of 19,373,918 shares, compared to its average volume of 8,546,488. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 74.32 and a beta of 1.50. Fortuna Silver Mines Inc. has a fifty-two week low of $3.23 and a fifty-two week high of $6.36. The firm has a 50-day moving average of $4.76 and a 200-day moving average of $4.73. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12.

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Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last posted its quarterly earnings data 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 analyst estimates of $301.65 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. Equities research analysts predict that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FSM. Cibc World Mkts lowered Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 18th. 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, Scotiabank dropped their target price on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 15th.

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.