Euro Pacific Asset Management LLC Has $19.99 Million Stock Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Euro Pacific Asset Management LLC lessened its holdings in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,314,683 shares of the basic materials company’s stock after selling 8,770 shares during the period. Fortuna Silver Mines comprises 3.7% of Euro Pacific Asset Management LLC’s holdings, making the stock its 7th biggest holding. Euro Pacific Asset Management LLC’s holdings in Fortuna Silver Mines were worth $19,990,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its holdings in shares of Fortuna Silver Mines by 12,560.3% during the 2nd quarter. Acadian Asset Management LLC now owns 5,418,611 shares of the basic materials company’s stock valued at $26,456,000 after acquiring an additional 5,375,811 shares in the last quarter. Tidal Investments LLC raised its position in Fortuna Silver Mines by 11,698.0% in the first quarter. Tidal Investments LLC now owns 4,848,634 shares of the basic materials company’s stock valued at $18,081,000 after purchasing an additional 4,807,537 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Fortuna Silver Mines by 165.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 5,557,376 shares of the basic materials company’s stock valued at $27,176,000 after purchasing an additional 3,467,562 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Fortuna Silver Mines by 94.9% during the second quarter. Renaissance Technologies LLC now owns 5,147,900 shares of the basic materials company’s stock worth $25,173,000 after purchasing an additional 2,507,249 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Fortuna Silver Mines by 28.2% in the second quarter. American Century Companies Inc. now owns 4,839,145 shares of the basic materials company’s stock valued at $23,664,000 after buying an additional 1,065,370 shares during the period. Institutional investors and hedge funds own 33.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank lifted their target price on shares of Fortuna Silver Mines from $6.00 to $6.50 and gave the stock a “sector perform” rating in a research report on Monday, August 19th.

Fortuna Silver Mines Stock Performance

NYSE FSM opened at $4.68 on Friday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 58.51 and a beta of 1.58. Fortuna Silver Mines Inc. has a twelve month low of $2.63 and a twelve month high of $6.36. The stock has a fifty day simple moving average of $4.81 and a 200 day simple moving average of $4.93. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12.

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.