Fortuna Silver Mines Inc. (NYSE:FSM) Position Raised by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. boosted its position in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 287,357 shares of the basic materials company’s stock after purchasing an additional 7,644 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Fortuna Silver Mines were worth $1,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new position in Fortuna Silver Mines during the third quarter worth about $29,000. SeaCrest Wealth Management LLC acquired a new position in shares of Fortuna Silver Mines in the 4th quarter worth approximately $45,000. Private Advisor Group LLC bought a new stake in shares of Fortuna Silver Mines in the 3rd quarter worth approximately $50,000. Kingswood Wealth Advisors LLC acquired a new stake in Fortuna Silver Mines during the fourth quarter valued at approximately $68,000. Finally, SG Americas Securities LLC boosted its holdings in Fortuna Silver Mines by 61.8% during the fourth quarter. SG Americas Securities LLC now owns 22,207 shares of the basic materials company’s stock worth $95,000 after buying an additional 8,484 shares in the last quarter. 33.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Scotiabank dropped their price target on Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 15th.

Fortuna Silver Mines Trading Up 1.6 %

NYSE:FSM opened at $5.30 on Thursday. The stock has a fifty day simple moving average of $4.59 and a 200 day simple moving average of $4.68. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 66.20 and a beta of 1.55. Fortuna Silver Mines Inc. has a 1-year low of $2.63 and a 1-year high of $6.36.

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.