Kingswood Wealth Advisors LLC Makes New Investment in Fortuna Silver Mines Inc. (NYSE:FSM)

Kingswood Wealth Advisors LLC bought a new position in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 15,908 shares of the basic materials company’s stock, valued at approximately $68,000.

Several other institutional investors also recently made changes to their positions in FSM. Euro Pacific Asset Management LLC boosted 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 purchasing an additional 50,402 shares during the last quarter. SG Americas Securities LLC boosted its position in Fortuna Silver Mines by 61.8% during the fourth quarter. SG Americas Securities LLC now owns 22,207 shares of the basic materials company’s stock worth $95,000 after acquiring an additional 8,484 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Fortuna Silver Mines in the 4th quarter worth approximately $45,000. Franklin Resources Inc. raised its holdings in Fortuna Silver Mines by 616.1% in the 3rd 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 during the last quarter. Finally, Synovus Financial Corp purchased a new position in shares of Fortuna Silver Mines during the 3rd quarter worth $146,000. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Fortuna Silver Mines Price Performance

FSM stock opened at $5.07 on Monday. The firm has a market cap of $1.56 billion, a P/E ratio of 63.43 and a beta of 1.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. Fortuna Silver Mines Inc. has a 1 year low of $2.63 and a 1 year high of $6.36. The stock has a 50-day simple moving average of $4.57 and a 200-day simple moving average of $4.68.

Analysts Set New Price Targets

Separately, Scotiabank lowered their target price on shares of 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.

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.