Flow Traders U.S. LLC Has $37,000 Stock Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Posted by Defense World Staff on Mar 11th, 2023

Flow Traders U.S. LLC lowered its holdings in Fortuna Silver Mines Inc. (NYSE:FSM – Get Rating) (TSE:FVI) by 61.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,680 shares of the basic materials company’s stock after selling 23,400 shares during the quarter. Flow Traders U.S. LLC’s holdings in Fortuna Silver Mines were worth $37,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Citigroup Inc. acquired a new stake in Fortuna Silver Mines in the 1st quarter valued at approximately $38,000. B. Riley Wealth Management Inc. acquired a new stake in Fortuna Silver Mines in the 2nd quarter valued at approximately $28,400,000. Northern Trust Corp acquired a new stake in Fortuna Silver Mines in the 2nd quarter valued at approximately $28,000. Bluefin Capital Management LLC acquired a new stake in Fortuna Silver Mines in the 3rd quarter valued at approximately $30,000. Finally, Jump Financial LLC acquired a new stake in Fortuna Silver Mines in the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 26.79% of the company’s stock.

Fortuna Silver Mines Price Performance

Shares of FSM stock opened at $3.18 on Friday. The stock’s fifty day simple moving average is $3.56 and its 200 day simple moving average is $3.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.93 and a quick ratio of 1.29. The firm has a market cap of $923.06 million, a price-to-earnings ratio of 22.71 and a beta of 1.25. Fortuna Silver Mines Inc. has a one year low of $2.05 and a one year high of $4.56.

Analyst Upgrades and Downgrades

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

Fortuna Silver Mines 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.