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

Plato Investment Management Ltd lifted its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 583.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,621 shares of the basic materials company’s stock after buying an additional 160,157 shares during the quarter. Plato Investment Management Ltd owned approximately 0.06% of Fortuna Silver Mines worth $808,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FSM. The Manufacturers Life Insurance Company grew its position 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 buying an additional 821,495 shares in the last quarter. Barclays PLC bought a new position in shares of Fortuna Silver Mines during the 3rd quarter worth $2,227,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Fortuna Silver Mines during the 3rd quarter worth $1,828,000. Public Employees Retirement System of Ohio bought a new position in shares of Fortuna Silver Mines during the 3rd quarter worth $1,765,000. Finally, De Lisle Partners LLP bought a new position in shares of Fortuna Silver Mines during the 3rd quarter worth $1,672,000. Institutional investors own 33.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Cibc World Mkts downgraded Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 18th. CIBC downgraded Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research report on Tuesday, February 18th. Finally, Scotiabank dropped their price objective 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, January 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Fortuna Silver Mines currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Fortuna Silver Mines Price Performance

Shares of FSM stock opened at $4.29 on Tuesday. Fortuna Silver Mines Inc. has a 1-year low of $2.93 and a 1-year high of $6.36. The stock’s 50-day moving average is $4.63 and its 200 day moving average is $4.71. The company has a market cap of $1.32 billion, a P/E ratio of 53.63 and a beta of 1.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37.

Fortuna Silver Mines 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.