Sprott Inc. Has $5.55 Million Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Sprott Inc. decreased its stake in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,292,796 shares of the basic materials company’s stock after selling 218,625 shares during the quarter. Sprott Inc.’s holdings in Fortuna Silver Mines were worth $5,546,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

FSM has been the topic of several research analyst reports. CIBC downgraded Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research note on Tuesday, February 18th. Cibc World Mkts lowered Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 18th. Finally, Scotiabank decreased their price objective on Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.00.

Fortuna Silver Mines Trading Down 2.1 %

FSM opened at $4.37 on Wednesday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 54.57 and a beta of 1.56. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines Inc. has a 12 month low of $2.63 and a 12 month high of $6.36. The firm’s fifty day simple moving average is $4.63 and its 200 day simple moving average is $4.71.

About Fortuna Silver Mines

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.