Euro Pacific Asset Management LLC Has $18.79 Million Stock Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Euro Pacific Asset Management LLC lifted its holdings in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 4,365,085 shares of the basic materials company’s stock after purchasing an additional 50,402 shares during the period. Fortuna Silver Mines comprises 4.1% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 7th biggest position. Euro Pacific Asset Management LLC’s holdings in Fortuna Silver Mines were worth $18,792,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. D. E. Shaw & Co. Inc. lifted its holdings in shares of Fortuna Silver Mines by 165.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 5,557,376 shares of the basic materials company’s stock worth $27,176,000 after buying an additional 3,467,562 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Fortuna Silver Mines by 273.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,263,905 shares of the basic materials company’s stock valued at $6,180,000 after purchasing an additional 925,084 shares during the period. The Manufacturers Life Insurance Company grew its position in Fortuna Silver Mines by 323.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,075,479 shares of the basic materials company’s stock worth $5,005,000 after purchasing an additional 821,495 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Fortuna Silver Mines by 2.6% during 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 purchasing an additional 788,703 shares during the period. Finally, Sicart Associates LLC acquired a new position in shares of Fortuna Silver Mines during the third quarter valued at about $3,171,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank decreased their target price on Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 15th.

Fortuna Silver Mines Stock Performance

Shares of NYSE FSM opened at $4.47 on Friday. Fortuna Silver Mines Inc. has a one year low of $2.63 and a one year high of $6.36. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $4.58 and a 200 day simple moving average of $4.70. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 55.82 and a beta of 1.55.

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.