Fortuna Silver Mines Inc. (NYSE:FSM) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. decreased its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 39.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 686,087 shares of the basic materials company's stock after selling 441,631 shares during the quarter. U S Global Investors Inc. owned about 0.22% of Fortuna Silver Mines worth $3,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FSM. Cubist Systematic Strategies LLC raised its stake in shares of Fortuna Silver Mines by 273.0% in the second quarter. Cubist Systematic Strategies LLC now owns 1,263,905 shares of the basic materials company's stock valued at $6,180,000 after acquiring an additional 925,084 shares during the period. K2 Principal Fund L.P. purchased a new stake in shares of Fortuna Silver Mines in the second quarter valued at $550,000. D. E. Shaw & Co. Inc. raised its stake in shares of Fortuna Silver Mines by 165.9% in the second quarter. D. E. Shaw & Co. Inc. now owns 5,557,376 shares of the basic materials company's stock valued at $27,176,000 after acquiring an additional 3,467,562 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Fortuna Silver Mines by 5.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,955,544 shares of the basic materials company's stock valued at $29,710,000 after acquiring an additional 388,903 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Fortuna Silver Mines in the fourth quarter valued at $77,000. Institutional investors own 33.80% of the company's stock.

Fortuna Silver Mines Stock Performance

Shares of Fortuna Silver Mines stock traded up $0.18 during midday trading on Tuesday, hitting $5.46. The company had a trading volume of 7,792,203 shares, compared to its average volume of 6,286,922. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -49.64 and a beta of 1.60. The company has a quick ratio of 1.00, a current ratio of 1.51 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $4.69 and a 200 day simple moving average of $4.90. Fortuna Silver Mines Inc. has a 12-month low of $2.63 and a 12-month high of $6.36.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). The company had revenue of $259.97 million during the quarter. Fortuna Silver Mines had a net margin of 0.20% and a return on equity of 8.75%. As a group, analysts predict that Fortuna Silver Mines Inc. will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Scotiabank increased their target price on shares of Fortuna Silver Mines from $6.00 to $6.50 and gave the company a "sector perform" rating in a research note on Monday, August 19th.

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.