Fortuna Silver Mines Inc. (NYSE:FSM) Stock Holdings Trimmed by Sicart Associates LLC

Sicart Associates LLC decreased its holdings in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 650,183 shares of the basic materials company’s stock after selling 34,700 shares during the quarter. Sicart Associates LLC owned 0.21% of Fortuna Silver Mines worth $2,789,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of FSM. SeaCrest Wealth Management LLC bought a new position in Fortuna Silver Mines in the 4th quarter valued at about $45,000. Franklin Resources Inc. boosted its holdings in shares of Fortuna Silver Mines by 616.1% in the third quarter. Franklin Resources Inc. now owns 253,500 shares of the basic materials company’s stock valued at $1,231,000 after acquiring an additional 218,100 shares in the last quarter. Synovus Financial Corp bought a new position in shares of Fortuna Silver Mines in the third quarter valued at approximately $146,000. Tidal Investments LLC increased its stake in shares of Fortuna Silver Mines by 1.8% during the third quarter. Tidal Investments LLC now owns 5,377,373 shares of the basic materials company’s stock valued at $24,897,000 after acquiring an additional 92,764 shares during the period. Finally, Toronto Dominion Bank raised its holdings in Fortuna Silver Mines by 19.6% during the third quarter. Toronto Dominion Bank now owns 31,983 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 5,240 shares in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines Stock Down 3.9 %

NYSE FSM opened at $4.30 on Friday. Fortuna Silver Mines Inc. has a 12 month low of $2.63 and a 12 month high of $6.36. The company has a market capitalization of $1.32 billion, a P/E ratio of 53.69 and a beta of 1.55. The company’s 50 day simple moving average is $4.62 and its 200 day simple moving average is $4.73. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered their price target on Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating on the stock in a research report on Wednesday.

About Fortuna Silver Mines

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.