1 week Ago By ABMN Staff
LPL Financial LLC boosted its position in shares of Fortuna Silver Mines Inc. ( NYSE:FSM – Free Report ) (TSE:FVI) by 65.4% in the fourth quarter, Holdings Channel reports.
The fund owned 93,505 shares of the basic materials company’s stock after purchasing an additional 36,963 shares during the quarter. LPL Financial LLC’s holdings in Fortuna Silver Mines were worth $401,000 as of its most recent filing with the SEC. A number of other institutional investors and hedge funds also recently made changes to their positions in the business.
Franklin Resources Inc. raised its stake in shares of Fortuna Silver Mines by 616.1% in the third quarter.
Franklin Resources Inc. now owns 253,500 shares of the basic materials company’s stock worth $1,231,000 after buying an additional 218,100 shares during the period. Barclays PLC bought a new stake in shares of Fortuna Silver Mines in the third quarter worth about $2,227,000.
Y Intercept Hong Kong Ltd bought a new position in shares of Fortuna Silver Mines during the 4th quarter valued at approximately $67,000. Swiss National Bank increased its holdings in shares of Fortuna Silver Mines by 2.8% in the 4th quarter.
Swiss National Bank now owns 618,830 shares of the basic materials company’s stock worth $2,655,000 after buying an additional 16,800 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Fortuna Silver Mines by 15.
3% in the 4th quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company’s stock valued at $21,625,000 after purchasing an additional 668,590 shares during the last quarter.
Hedge funds and other institutional investors own 33.80% of the company’s stock. Fortuna Silver Mines Trading Down 0.
8 % Shares of FSM stock opened at $6.08 on Friday. Fortuna Silver Mines Inc.
has a fifty-two week low of $3.86 and a fifty-two week high of $6.78.
The firm has a market capitalization of $1.87 billion, a P/E ratio of 76.01 and a beta of 1.
22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.
37 and a current ratio of 1.94. The stock’s fifty day moving average is $5.
56 and its two-hundred day moving average is $5.03. Analyst Upgrades and Downgrades Several analysts have issued reports on the stock.
Cibc World Mkts downgraded shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 18th. Scotiabank raised their target price on shares of Fortuna Silver Mines from $6.00 to $7.
00 and gave the company a “sector perform” rating in a research note on Monday, April 14th. CIBC downgraded Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research note on Tuesday, February 18th. Finally, National Bank Financial raised Fortuna Silver Mines to a “hold” rating in a report on Friday, March 21st.
Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Fortuna Silver Mines presently has an average rating of “Hold” and an average price target of $7.00.
Get Our Latest Research Report on Fortuna Silver Mines About Fortuna Silver Mines ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding FSM? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Fortuna Silver Mines Inc. ( NYSE:FSM – Free Report ) (TSE:FVI). Receive News & Ratings for Fortuna Silver Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Silver Mines and related companies with MarketBeat.
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