Van ECK Associates Corp Has $117.24 Million Stock Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Van ECK Associates Corp trimmed its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 10.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,327,958 shares of the basic materials company’s stock after selling 3,235,875 shares during the period. Van ECK Associates Corp owned approximately 0.09% of Fortuna Silver Mines worth $117,236,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new position in shares of Fortuna Silver Mines during the 3rd quarter worth about $29,000. SeaCrest Wealth Management LLC acquired a new position in shares of Fortuna Silver Mines during the 4th quarter worth about $45,000. Private Advisor Group LLC acquired a new position in shares of Fortuna Silver Mines during the 3rd quarter worth about $50,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Fortuna Silver Mines during the 4th quarter worth about $68,000. Finally, SG Americas Securities LLC boosted its stake in shares of 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 last quarter. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Fortuna Silver Mines Stock Up 0.5 %

Shares of FSM stock opened at $5.39 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The firm’s 50-day moving average is $4.65 and its 200-day moving average is $4.70. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 67.32 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.

Analyst Ratings Changes

Separately, Scotiabank reduced their price objective 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 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.