Ingalls & Snyder LLC Sells 4,000 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

Ingalls & Snyder LLC trimmed its stake in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 11.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,500 shares of the basic materials company’s stock after selling 4,000 shares during the period. Ingalls & Snyder LLC’s holdings in Fortuna Silver Mines were worth $139,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp lifted its stake 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 acquiring an additional 788,703 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Fortuna Silver Mines by 1.8% during the 3rd quarter. Tidal Investments LLC now owns 5,377,373 shares of the basic materials company’s stock worth $24,897,000 after acquiring an additional 92,764 shares during the last quarter. Euro Pacific Asset Management LLC lifted its stake in shares of Fortuna Silver Mines by 1.2% during the 4th quarter. Euro Pacific Asset Management LLC now owns 4,365,085 shares of the basic materials company’s stock worth $18,792,000 after acquiring an additional 50,402 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Fortuna Silver Mines by 323.4% during 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 acquiring an additional 821,495 shares during the last quarter. Finally, Sicart Associates LLC bought a new stake in shares of Fortuna Silver Mines during the 3rd quarter worth approximately $3,171,000. 33.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Scotiabank decreased their price target on 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 Trading Down 4.6 %

FSM opened at $5.14 on Friday. The stock’s fifty day moving average is $4.66 and its two-hundred day moving average is $4.70. The company has a market capitalization of $1.58 billion, a P/E ratio of 64.20 and a beta of 1.56. Fortuna Silver Mines Inc. has a 52 week low of $2.63 and a 52 week high of $6.36. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12.

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.