Ingalls & Snyder LLC lessened its position in shares of Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,695,800 shares of the basic materials company’s stock after selling 55,000 shares during the period. Ingalls & Snyder LLC owned about 1.69% of Fortuna Silver Mines worth $9,031,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. ARP Americas LP acquired a new position in shares of Fortuna Silver Mines during the 4th quarter valued at $69,000. PNC Financial Services Group Inc. acquired a new position in shares of Fortuna Silver Mines in the 4th quarter worth $72,000. Wells Fargo & Company MN grew its holdings in shares of Fortuna Silver Mines by 3,962.3% in the 3rd quarter. Wells Fargo & Company MN now owns 23,683 shares of the basic materials company’s stock worth $103,000 after acquiring an additional 23,100 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Fortuna Silver Mines in the 4th quarter worth $143,000. Finally, Bank of America Corp DE grew its holdings in shares of Fortuna Silver Mines by 77.9% in the 4th quarter. Bank of America Corp DE now owns 45,936 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 20,117 shares during the last quarter. 45.35% of the stock is currently owned by institutional investors.
NYSE FSM opened at $3.01 on Friday. Fortuna Silver Mines Inc has a fifty-two week low of $2.91 and a fifty-two week high of $5.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.34 and a current ratio of 3.57. The stock has a market cap of $471.82 million, a price-to-earnings ratio of 12.54 and a beta of 0.15.
Several analysts have recently commented on the company. Zacks Investment Research cut Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. ValuEngine cut Fortuna Silver Mines from a “sell” rating to a “strong sell” rating in a research report on Friday. Canaccord Genuity raised Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. They noted that the move was a valuation call. Finally, CIBC cut Fortuna Silver Mines from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $6.25.
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Fortuna Silver Mines Company Profile
Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.
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