Fortuna Silver Mines Inc. (NYSE:FSM) Short Interest Up 16.8% in February

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 18,110,000 shares, a growth of 16.8% from the February 13th total of 15,510,000 shares. Currently, 6.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,010,000 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of Fortuna Silver Mines

Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Fortuna Silver Mines by 10.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,402,119 shares of the basic materials company’s stock valued at $36,043,000 after purchasing an additional 796,364 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in Fortuna Silver Mines by 17.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 8,340,195 shares of the basic materials company’s stock valued at $35,779,000 after buying an additional 1,219,864 shares in the last quarter. Tidal Investments LLC raised its holdings in Fortuna Silver Mines by 40.3% during the 4th quarter. Tidal Investments LLC now owns 7,542,803 shares of the basic materials company’s stock valued at $32,359,000 after acquiring an additional 2,165,430 shares during the period. American Century Companies Inc. lifted its position in shares of Fortuna Silver Mines by 15.3% during the fourth quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company’s stock worth $21,625,000 after acquiring an additional 668,590 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Fortuna Silver Mines by 224.6% in the 4th quarter. Mackenzie Financial Corp now owns 4,720,375 shares of the basic materials company’s stock worth $20,240,000 after purchasing an additional 3,266,096 shares during the period. Institutional investors own 33.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FSM. CIBC lowered shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a report on Tuesday, February 18th. Cibc World Mkts downgraded shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 18th. Finally, Scotiabank dropped their price objective on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 15th.

Fortuna Silver Mines Stock Up 1.1 %

Shares of NYSE FSM traded up $0.07 during midday trading on Thursday, hitting $6.07. 10,519,033 shares of the stock traded hands, compared to its average volume of 8,617,825. Fortuna Silver Mines has a one year low of $3.23 and a one year high of $6.36. The company has a market cap of $1.86 billion, a PE ratio of 75.77 and a beta of 1.50. The business has a 50 day moving average price of $4.82 and a two-hundred day moving average price of $4.75. 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 (NYSE:FSM) (TSE:FVI) last issued 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 company had revenue of $302.20 million for the quarter, compared to the consensus estimate of $301.65 million. On average, equities analysts predict that Fortuna Silver Mines will post 0.51 EPS for the current 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.