Fortuna Silver Mines Inc. (NYSE:FSM) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. cut its holdings in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 18.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 562,401 shares of the basic materials company’s stock after selling 123,686 shares during the period. U S Global Investors Inc. owned 0.18% of Fortuna Silver Mines worth $2,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Toronto Dominion Bank raised its holdings in Fortuna Silver Mines by 19.6% in the third quarter. Toronto Dominion Bank now owns 31,983 shares of the basic materials company’s stock valued at $148,000 after buying an additional 5,240 shares during the period. Geode Capital Management LLC lifted its position in Fortuna Silver Mines by 4.3% during the 3rd quarter. Geode Capital Management LLC now owns 141,305 shares of the basic materials company’s stock worth $660,000 after acquiring an additional 5,858 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of Fortuna Silver Mines by 2.7% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 287,357 shares of the basic materials company’s stock worth $1,233,000 after purchasing an additional 7,644 shares in the last quarter. SG Americas Securities LLC increased its stake in Fortuna Silver Mines by 61.8% during the 4th quarter. SG Americas Securities LLC now owns 22,207 shares of the basic materials company’s stock worth $95,000 after buying an additional 8,484 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of Fortuna Silver Mines by 2.3% during the fourth quarter. CIBC Asset Management Inc now owns 384,567 shares of the basic materials company’s stock valued at $1,647,000 after acquiring an additional 8,633 shares in the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Fortuna Silver Mines Stock Performance

FSM stock opened at $4.34 on Friday. The company has a market capitalization of $1.33 billion, a P/E ratio of 54.19 and a beta of 1.56. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. The company has a 50-day simple moving average of $4.63 and a 200 day simple moving average of $4.71. Fortuna Silver Mines Inc. has a fifty-two week low of $2.63 and a fifty-two week high of $6.36.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Cibc World Mkts downgraded Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 18th. CIBC lowered shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research note on Tuesday, February 18th. Finally, Scotiabank reduced their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $6.00.

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.