8,000 Shares in Fortuna Silver Mines Inc. (NYSE:FSM) Purchased by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. acquired a new position in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 8,000 shares of the basic materials company’s stock, valued at approximately $34,000.

A number of other large investors have also modified their holdings of FSM. Tidal Investments LLC increased its stake in Fortuna Silver Mines by 1.8% during the 3rd quarter. Tidal Investments LLC now owns 5,377,373 shares of the basic materials company’s stock valued at $24,897,000 after buying an additional 92,764 shares during the period. Euro Pacific Asset Management LLC increased its stake in Fortuna Silver Mines by 1.2% during the 4th quarter. Euro Pacific Asset Management LLC now owns 4,365,085 shares of the basic materials company’s stock valued at $18,792,000 after buying an additional 50,402 shares during the period. The Manufacturers Life Insurance Company increased its stake in Fortuna Silver Mines by 323.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,075,479 shares of the basic materials company’s stock valued at $5,005,000 after buying an additional 821,495 shares during the period. National Bank of Canada FI increased its stake in Fortuna Silver Mines by 41.9% during the 3rd quarter. National Bank of Canada FI now owns 652,539 shares of the basic materials company’s stock valued at $3,022,000 after buying an additional 192,552 shares during the period. Finally, Barclays PLC acquired a new position in Fortuna Silver Mines during the 3rd quarter valued at about $2,227,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

Fortuna Silver Mines Stock Performance

NYSE:FSM opened at $4.91 on Monday. Fortuna Silver Mines Inc. has a twelve month low of $3.16 and a twelve month high of $6.36. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $4.65 and a 200-day moving average of $4.71. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 61.32 and a beta of 1.50.

Fortuna Silver Mines (NYSE:FSM) (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). Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. The business had revenue of $302.20 million for the quarter, compared to the consensus estimate of $301.65 million. Analysts forecast that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. CIBC cut shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research note on Tuesday, February 18th. Cibc World Mkts cut shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 18th. Finally, Scotiabank lowered 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 note on Wednesday, January 15th.

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.