Plato Investment Management Ltd Raises Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Plato Investment Management Ltd lifted its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 583.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 187,621 shares of the basic materials company’s stock after acquiring an additional 160,157 shares during the period. Plato Investment Management Ltd’s holdings in Fortuna Silver Mines were worth $808,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Y Intercept Hong Kong Ltd purchased a new stake in shares of Fortuna Silver Mines during the fourth quarter worth about $67,000. CIBC Asset Management Inc grew its stake in shares of Fortuna Silver Mines by 2.3% during the fourth quarter. CIBC Asset Management Inc now owns 384,567 shares of the basic materials company’s stock worth $1,647,000 after acquiring an additional 8,633 shares during the last quarter. Savant Capital LLC grew its stake in shares of Fortuna Silver Mines by 99.3% during the fourth quarter. Savant Capital LLC now owns 47,824 shares of the basic materials company’s stock worth $205,000 after acquiring an additional 23,824 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. grew its stake in shares of Fortuna Silver Mines by 2.7% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 287,357 shares of the basic materials company’s stock worth $1,233,000 after acquiring an additional 7,644 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Fortuna Silver Mines during the fourth quarter worth about $68,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Analyst Upgrades and Downgrades

FSM has been the topic of a number of research analyst reports. CIBC lowered Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research note on Tuesday, February 18th. Scotiabank decreased their target price on Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th. Finally, Cibc World Mkts downgraded Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.00.

Fortuna Silver Mines Trading Down 0.7 %

Fortuna Silver Mines stock opened at $4.29 on Tuesday. 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 Inc. has a 52 week low of $2.93 and a 52 week high of $6.36. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 53.63 and a beta of 1.56. The stock has a 50-day moving average price of $4.63 and a 200 day moving average price of $4.71.

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.