Mackenzie Financial Corp Reduces Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Mackenzie Financial Corp lessened its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 94.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 138,741 shares of the basic materials company’s stock after selling 2,580,091 shares during the quarter. Mackenzie Financial Corp’s holdings in Fortuna Silver Mines were worth $534,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. U S Global Investors Inc. acquired a new position in shares of Fortuna Silver Mines in the 4th quarter valued at $849,000. Maven Securities LTD acquired a new position in Fortuna Silver Mines in the third quarter valued at about $1,952,000. Sprott Inc. lifted its position in Fortuna Silver Mines by 15.1% in the third quarter. Sprott Inc. now owns 2,162,034 shares of the basic materials company’s stock valued at $5,881,000 after buying an additional 283,809 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new position in Fortuna Silver Mines during the fourth quarter worth about $1,220,000. Finally, Jump Financial LLC increased its position in shares of Fortuna Silver Mines by 691.4% during the third quarter. Jump Financial LLC now owns 337,242 shares of the basic materials company’s stock valued at $917,000 after acquiring an additional 294,631 shares during the last quarter. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Fortuna Silver Mines Price Performance

Shares of FSM opened at $4.77 on Friday. The company has a market cap of $1.46 billion, a P/E ratio of -29.81 and a beta of 1.64. Fortuna Silver Mines Inc. has a fifty-two week low of $2.58 and a fifty-two week high of $4.94. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average price is $3.69 and its 200 day moving average price is $3.48.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings data on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $265.31 million for the quarter. Fortuna Silver Mines had a positive return on equity of 5.03% and a negative net margin of 5.99%. On average, research analysts forecast that Fortuna Silver Mines Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

FSM has been the subject of a number of research analyst reports. StockNews.com cut shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Scotiabank lifted their price objective on Fortuna Silver Mines from $4.00 to $4.75 and gave the company a “sector perform” rating in a research note on Monday, April 8th. Finally, TheStreet lowered Fortuna Silver Mines from a “c-” rating to a “d” rating in a research note on Thursday, March 7th.

Fortuna Silver Mines Profile

Fortuna Silver Mines Inc 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.