Fortuna Silver Mines Inc. (NYSE:FSM) Shares Acquired by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. increased its stake in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 287,357 shares of the basic materials company’s stock after purchasing an additional 7,644 shares during the period. Klein Pavlis & Peasley Financial Inc. owned 0.09% of Fortuna Silver Mines worth $1,233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Fortuna Silver Mines in the third quarter valued at $1,347,000. Van ECK Associates Corp increased its holdings in shares of Fortuna Silver Mines by 2.6% in the 3rd quarter. Van ECK Associates Corp now owns 30,563,833 shares of the basic materials company’s stock worth $141,511,000 after acquiring an additional 788,703 shares during the period. Franklin Resources Inc. lifted its position in Fortuna Silver Mines by 616.1% in the 3rd quarter. Franklin Resources Inc. now owns 253,500 shares of the basic materials company’s stock valued at $1,231,000 after purchasing an additional 218,100 shares during the last quarter. Barclays PLC acquired a new position in Fortuna Silver Mines during the 3rd quarter valued at about $2,227,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Fortuna Silver Mines during the 3rd quarter valued at about $1,765,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank cut their price target on 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.

Fortuna Silver Mines Trading Up 1.6 %

Shares of FSM stock opened at $5.30 on Thursday. The firm has a market capitalization of $1.63 billion, a PE ratio of 66.20 and a beta of 1.55. 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 Inc. has a 1 year low of $2.63 and a 1 year high of $6.36. The stock has a fifty day moving average of $4.59 and a two-hundred day moving average of $4.68.

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.