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

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Fortuna Silver Mines during the 4th quarter valued at $523,000. Plato Investment Management Ltd boosted its stake in Fortuna Silver Mines by 583.2% during the 4th quarter. Plato Investment Management Ltd now owns 187,621 shares of the basic materials company’s stock valued at $808,000 after acquiring an additional 160,157 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Fortuna Silver Mines during the 4th quarter valued at $67,000. CIBC Asset Management Inc boosted its stake in Fortuna Silver Mines by 2.3% during the 4th quarter. CIBC Asset Management Inc now owns 384,567 shares of the basic materials company’s stock valued at $1,647,000 after acquiring an additional 8,633 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in Fortuna Silver Mines by 99.3% during the 4th quarter. Savant Capital LLC now owns 47,824 shares of the basic materials company’s stock valued at $205,000 after acquiring an additional 23,824 shares during the last quarter. 33.80% of the stock is currently owned by institutional investors.

Fortuna Silver Mines Stock Up 5.9 %

Shares of NYSE:FSM opened at $4.91 on Monday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 61.32 and a beta of 1.50. Fortuna Silver Mines Inc. has a 1-year low of $3.16 and a 1-year high of $6.36. The company’s fifty day moving average is $4.65 and its two-hundred day moving average is $4.71. 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 released its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. The firm had revenue of $302.20 million during the quarter, compared to analyst estimates of $301.65 million. Equities analysts anticipate that Fortuna Silver Mines Inc. will post 0.51 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on FSM shares. Cibc World Mkts cut shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 18th. Scotiabank dropped 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 report on Wednesday, January 15th. Finally, CIBC cut shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a report on Tuesday, February 18th.

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.