Charles Schwab Investment Management Inc. Reduces Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Charles Schwab Investment Management Inc. decreased its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 12.1% during the fourth quarter, Holdings Channel reports. The fund owned 252,957 shares of the basic materials company’s stock after selling 34,956 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Fortuna Silver Mines were worth $1,085,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of Fortuna Silver Mines by 323.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,075,479 shares of the basic materials company’s stock worth $5,005,000 after purchasing an additional 821,495 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Fortuna Silver Mines in the third quarter worth $1,347,000. Walleye Capital LLC grew its stake in shares of Fortuna Silver Mines by 1,041.9% in the third quarter. Walleye Capital LLC now owns 90,400 shares of the basic materials company’s stock worth $419,000 after acquiring an additional 99,998 shares during the last quarter. Centiva Capital LP increased its holdings in shares of Fortuna Silver Mines by 457.3% during the third quarter. Centiva Capital LP now owns 144,059 shares of the basic materials company’s stock valued at $667,000 after acquiring an additional 118,209 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of Fortuna Silver Mines by 41.9% in the 3rd 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.

Fortuna Silver Mines Price Performance

FSM opened at $6.12 on Monday. The company’s 50-day simple moving average is $5.06 and its two-hundred day simple moving average is $4.84. Fortuna Silver Mines Inc. has a 52-week low of $3.72 and a 52-week high of $6.50. The stock has a market capitalization of $1.87 billion, a P/E ratio of 76.45 and a beta of 1.50. 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 posted its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The firm had revenue of $302.20 million for the quarter, compared to analysts’ expectations of $301.65 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. As a group, analysts predict that Fortuna Silver Mines Inc. will post 0.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FSM shares. 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. CIBC cut shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a report on Tuesday, February 18th. Scotiabank decreased their price objective on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th. Finally, National Bank Financial upgraded Fortuna Silver Mines to a “hold” rating in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Fortuna Silver Mines currently has a consensus rating of “Hold” and an average price target of $6.00.

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.