Shares of Fortuna Silver Mines Inc. (NYSE:FSM - Get Free Report) TSE: FVI fell 2.6% on Wednesday after Scotiabank lowered their price target on the stock from $6.75 to $6.00. Scotiabank currently has a sector perform rating on the stock. Fortuna Silver Mines traded as low as $4.42 and last traded at $4.44. 1,256,723 shares were traded during mid-day trading, a decline of 86% from the average session volume of 8,770,399 shares. The stock had previously closed at $4.56.
Institutional Trading of Fortuna Silver Mines
A number of large investors have recently made changes to their positions in FSM. Financial Management Professionals Inc. acquired a new stake in Fortuna Silver Mines in the 3rd quarter worth about $29,000. SeaCrest Wealth Management LLC acquired a new stake in Fortuna Silver Mines in the 4th quarter worth about $45,000. Private Advisor Group LLC acquired a new stake in Fortuna Silver Mines in the 3rd quarter worth about $50,000. Choreo LLC acquired a new stake in Fortuna Silver Mines in the 2nd quarter worth about $59,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Fortuna Silver Mines in the 2nd quarter worth about $92,000. Institutional investors and hedge funds own 33.80% of the company's stock.
Fortuna Silver Mines Trading Down 1.8 %
The business has a 50 day simple moving average of $4.63 and a 200-day simple moving average of $4.73. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 56.01 and a beta of 1.55.
About Fortuna Silver Mines
(
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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.
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