SG Americas Securities LLC Has $95,000 Stock Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

SG Americas Securities LLC raised its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 61.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,207 shares of the basic materials company’s stock after purchasing an additional 8,484 shares during the quarter. SG Americas Securities LLC’s holdings in Fortuna Silver Mines were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in FSM. Financial Management Professionals Inc. acquired a new position in shares of Fortuna Silver Mines in the 3rd quarter worth approximately $29,000. SeaCrest Wealth Management LLC bought a new stake in shares of Fortuna Silver Mines during the 4th quarter valued at $45,000. Private Advisor Group LLC acquired a new position in shares of Fortuna Silver Mines in the 3rd quarter valued at $50,000. Plato Investment Management Ltd acquired a new position in shares of Fortuna Silver Mines in the 3rd quarter valued at $128,000. Finally, Synovus Financial Corp acquired a new position in shares of Fortuna Silver Mines in the 3rd quarter valued at $146,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reduced their target price on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 15th.

Fortuna Silver Mines Stock Up 0.5 %

Shares of FSM stock opened at $5.39 on Friday. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 67.32 and a beta of 1.56. 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 52-week low of $2.63 and a 52-week high of $6.36. The firm’s 50-day moving average is $4.65 and its 200-day moving average is $4.70.

Fortuna Silver Mines 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.