Numerai GP LLC Sells 28,579 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

Numerai GP LLC trimmed its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 23.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,435 shares of the basic materials company’s stock after selling 28,579 shares during the period. Numerai GP LLC’s holdings in Fortuna Silver Mines were worth $392,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FSM. Dimensional Fund Advisors LP raised its stake in shares of Fortuna Silver Mines by 10.5% in the 4th 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 period. D. E. Shaw & Co. Inc. grew its holdings in shares of Fortuna Silver Mines by 17.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 8,340,195 shares of the basic materials company’s stock worth $35,779,000 after buying an additional 1,219,864 shares in the last quarter. American Century Companies Inc. grew its holdings 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 buying an additional 668,590 shares in the last quarter. Euro Pacific Asset Management LLC raised its position in Fortuna Silver Mines by 1.2% in 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 last quarter. Finally, Renaissance Technologies LLC lifted its stake in Fortuna Silver Mines by 14.0% in the 4th quarter. Renaissance Technologies LLC now owns 4,233,900 shares of the basic materials company’s stock valued at $18,163,000 after acquiring an additional 520,100 shares in the last quarter. 33.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Scotiabank raised their price target on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a “sector perform” rating in a research note on Monday, April 14th. CIBC cut shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a report on Tuesday, February 18th. Cibc World Mkts lowered shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 18th. Finally, National Bank Financial raised shares of Fortuna Silver Mines to a “hold” rating in a research report on Friday, March 21st.

Fortuna Silver Mines Stock Up 0.6%

FSM stock opened at $5.43 on Friday. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 67.88 and a beta of 1.10. Fortuna Silver Mines Inc. has a twelve month low of $3.86 and a twelve month high of $6.78. The business has a 50 day moving average price of $5.93 and a two-hundred day moving average price of $5.12. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $290.15 million during the quarter, compared to analyst estimates of $291.00 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. Analysts anticipate that Fortuna Silver Mines Inc. will post 0.51 EPS for the current fiscal year.

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.