Dynamic Technology Lab Private Ltd Trims Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Dynamic Technology Lab Private Ltd lessened its holdings in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 75.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,293 shares of the basic materials company's stock after selling 297,648 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Fortuna Silver Mines were worth $417,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FSM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Fortuna Silver Mines in the 3rd quarter worth $1,347,000. Franklin Resources Inc. grew its position in Fortuna Silver Mines by 616.1% in the third quarter. Franklin Resources Inc. now owns 253,500 shares of the basic materials company's stock worth $1,231,000 after acquiring an additional 218,100 shares in the last quarter. Barclays PLC bought a new position in Fortuna Silver Mines in the third quarter valued at $2,227,000. Public Employees Retirement System of Ohio purchased a new stake in Fortuna Silver Mines during the third quarter valued at about $1,765,000. Finally, National Bank of Canada FI lifted its stake in Fortuna Silver Mines by 41.9% during the third quarter. National Bank of Canada FI now owns 652,539 shares of the basic materials company's stock worth $3,022,000 after purchasing an additional 192,552 shares during the last quarter. Institutional investors own 33.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FSM shares. Scotiabank increased their price objective on Fortuna Silver Mines from $6.00 to $7.00 and gave the company a "sector perform" rating in a research report on Monday. Cibc World Mkts downgraded shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th. National Bank Financial upgraded shares of Fortuna Silver Mines to a "hold" rating in a report on Friday, March 21st. Finally, CIBC lowered shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $7.00.

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Fortuna Silver Mines Trading Down 2.8 %

FSM stock traded down $0.19 during trading on Tuesday, hitting $6.36. 4,896,610 shares of the company traded hands, compared to its average volume of 9,242,419. The company has a 50-day moving average of $5.36 and a 200-day moving average of $4.94. 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 Inc. has a 1 year low of $3.86 and a 1 year high of $6.70. The firm has a market capitalization of $1.95 billion, a PE ratio of 79.57 and a beta of 1.22.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last released its quarterly earnings data 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). Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. The company had revenue of $302.20 million for the quarter, compared to analysts' expectations of $301.65 million. Analysts predict that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal year.

About Fortuna Silver Mines

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.