Swiss National Bank trimmed its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM – Get Rating) (TSE:FVI) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 612,030 shares of the basic materials company’s stock after selling 4,300 shares during the period. Swiss National Bank owned approximately 0.21% of Fortuna Silver Mines worth $2,383,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Asset Management Inc. increased its stake in Fortuna Silver Mines by 5.8% during the third quarter. TD Asset Management Inc. now owns 973,798 shares of the basic materials company’s stock valued at $3,828,000 after acquiring an additional 53,749 shares during the period. CIBC Asset Management Inc increased its stake in Fortuna Silver Mines by 54.1% during the fourth quarter. CIBC Asset Management Inc now owns 245,986 shares of the basic materials company’s stock valued at $960,000 after acquiring an additional 86,339 shares during the period. Squarepoint Ops LLC acquired a new stake in Fortuna Silver Mines during the third quarter valued at approximately $44,000. Assenagon Asset Management S.A. acquired a new stake in Fortuna Silver Mines during the fourth quarter valued at approximately $125,000. Finally, Advisor Resource Council boosted its holdings in Fortuna Silver Mines by 31.4% during the third quarter. Advisor Resource Council now owns 26,373 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 6,300 shares in the last quarter. Hedge funds and other institutional investors own 27.03% of the company’s stock.
Shares of FSM opened at $3.04 on Friday. The company has a market capitalization of $887.32 million, a P/E ratio of 13.82 and a beta of 1.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.69 and a quick ratio of 1.17. Fortuna Silver Mines Inc. has a one year low of $2.66 and a one year high of $7.22. The business’s 50 day simple moving average is $3.86 and its 200-day simple moving average is $3.83.
A number of research firms have weighed in on FSM. Canaccord Genuity Group raised Fortuna Silver Mines from a “hold” rating to a “buy” rating and decreased their price objective for the company from $6.00 to $5.50 in a report on Tuesday, January 18th. National Bank Financial lifted their price objective on Fortuna Silver Mines from C$5.50 to C$6.50 in a report on Wednesday, April 20th. Zacks Investment Research raised Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. StockNews.com raised Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Saturday, April 2nd. Finally, BMO Capital Markets decreased their price objective on Fortuna Silver Mines from C$7.00 to C$6.75 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.25.
About Fortuna Silver Mines (Get Rating)
Fortuna Silver Mines Inc engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.
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