StockNews.com lowered shares of Fortuna Silver Mines (NYSE:FSM – Free Report) (TSE:FVI) from a buy rating to a hold rating in a research report sent to investors on Tuesday.
Separately, TheStreet raised Fortuna Silver Mines from a d+ rating to a c- rating in a research report on Wednesday, December 13th.
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Fortuna Silver Mines Stock Down 0.6 %
NYSE:FSM opened at $2.71 on Tuesday. The firm has a market capitalization of $829.33 million, a price-to-earnings ratio of -7.12 and a beta of 1.62. Fortuna Silver Mines has a 1-year low of $2.58 and a 1-year high of $4.20. The company has a current ratio of 2.12, a quick ratio of 1.27 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $3.30 and its 200 day moving average price is $3.20.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of FSM. Balyasny Asset Management L.P. bought a new stake in shares of Fortuna Silver Mines during the 1st quarter worth about $10,378,000. Mackenzie Financial Corp boosted its stake in shares of Fortuna Silver Mines by 2,106.9% during the 2nd quarter. Mackenzie Financial Corp now owns 2,756,609 shares of the basic materials company’s stock worth $8,967,000 after acquiring an additional 2,631,699 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Fortuna Silver Mines by 7.9% during the 4th quarter. Van ECK Associates Corp now owns 32,396,826 shares of the basic materials company’s stock worth $125,050,000 after acquiring an additional 2,361,636 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Fortuna Silver Mines during the 4th quarter worth about $7,195,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Fortuna Silver Mines by 345.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,136,632 shares of the basic materials company’s stock worth $8,141,000 after purchasing an additional 1,657,274 shares during the last quarter. Hedge funds and other institutional investors own 31.19% of the company’s stock.
About Fortuna Silver Mines
Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine located in southern Mexico; the Lindero gold project located in Northern Argentina; Yaramoko gold mine located in south western Burkina Faso; and Séguéla gold mine located in south western Côte d’Ivoire.
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