Guggenheim Capital LLC Decreases Stake in Fortuna Silver Mines Inc. (NYSE:FSM)

Posted by Defense World Staff on Mar 8th, 2023

Guggenheim Capital LLC lessened its stake in Fortuna Silver Mines Inc. (NYSE:FSM – Get Rating) (TSE:FVI) by 18.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 353,379 shares of the basic materials company’s stock after selling 81,785 shares during the quarter. Guggenheim Capital LLC owned 0.12% of Fortuna Silver Mines worth $890,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Aire Advisors LLC purchased a new stake in Fortuna Silver Mines during the second quarter worth approximately $28,000. Northern Trust Corp purchased a new stake in Fortuna Silver Mines during the second quarter worth approximately $28,000. Jump Financial LLC purchased a new stake in Fortuna Silver Mines during the third quarter worth approximately $31,000. Citigroup Inc. purchased a new stake in Fortuna Silver Mines during the first quarter worth approximately $38,000. Finally, Tower Research Capital LLC TRC lifted its stake in Fortuna Silver Mines by 233.3% during the third quarter. Tower Research Capital LLC TRC now owns 17,773 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 12,440 shares during the last quarter. Hedge funds and other institutional investors own 26.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FSM shares. CIBC boosted their target price on Fortuna Silver Mines from C$5.85 to C$6.00 in a research note on Tuesday, February 7th. BMO Capital Markets cut their price target on Fortuna Silver Mines from C$6.50 to C$6.25 in a research report on Tuesday, January 31st. StockNews.com lowered Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, National Bank Financial cut their price target on Fortuna Silver Mines from C$6.00 to C$5.75 in a research report on Tuesday, February 14th.

Fortuna Silver Mines Trading Down 4.8 %

FSM opened at $3.18 on Wednesday. The firm has a market cap of $923.04 million, a price-to-earnings ratio of 22.71 and a beta of 1.25. Fortuna Silver Mines Inc. has a 52 week low of $2.05 and a 52 week high of $4.68. The business’s 50 day moving average is $3.60 and its two-hundred day moving average is $3.21. The company has a quick ratio of 1.29, a current ratio of 1.93 and a debt-to-equity ratio of 0.15.

Fortuna Silver Mines Company Profile

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Fortuna Silver Mines, Inc engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de C.V. (Cuzcatian), Mansfield Minera SA (Mansfield), and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine.