B. Riley Wealth Advisors Inc. bought a new stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM – Free Report) (TSE:FVI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 20,000 shares of the basic materials company’s stock, valued at approximately $77,000.
Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Fortuna Silver Mines during the 4th quarter valued at $82,000. Tower Research Capital LLC TRC lifted its position in shares of Fortuna Silver Mines by 84.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 25,183 shares of the basic materials company’s stock valued at $97,000 after acquiring an additional 11,548 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in Fortuna Silver Mines during the fourth quarter worth $100,000. HTLF Bank acquired a new position in Fortuna Silver Mines during the fourth quarter worth $112,000. Finally, Integrated Advisors Network LLC acquired a new position in Fortuna Silver Mines during the third quarter worth $131,000. Institutional investors and hedge funds own 33.80% of the company’s stock.
Fortuna Silver Mines Stock Performance
NYSE FSM opened at $4.89 on Friday. Fortuna Silver Mines Inc. has a 1 year low of $2.58 and a 1 year high of $6.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 0.76. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -44.41 and a beta of 1.61. The company has a fifty day moving average price of $5.21 and a 200-day moving average price of $4.12.
Wall Street Analyst Weigh In
Several research analysts have weighed in on FSM shares. StockNews.com upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. TheStreet downgraded shares of Fortuna Silver Mines from a “c-” rating to a “d” rating in a report on Thursday, March 7th. Finally, Scotiabank upped their price objective on shares of Fortuna Silver Mines from $4.75 to $6.00 and gave the stock a “sector perform” rating in a report on Thursday, May 23rd.
Read Our Latest Stock Report on FSM
Fortuna Silver Mines Profile
Fortuna Silver Mines Inc 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.
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