SG Americas Securities LLC Sells 288,465 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

SG Americas Securities LLC decreased its stake in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 93.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,903 shares of the basic materials company’s stock after selling 288,465 shares during the period. SG Americas Securities LLC’s holdings in Fortuna Silver Mines were worth $92,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its stake in shares of Fortuna Silver Mines by 5.0% in the 1st quarter. Van ECK Associates Corp now owns 34,021,296 shares of the basic materials company’s stock valued at $126,896,000 after acquiring an additional 1,624,470 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Fortuna Silver Mines by 5.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,955,544 shares of the basic materials company’s stock valued at $29,710,000 after purchasing an additional 388,903 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Fortuna Silver Mines by 12.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,002,409 shares of the basic materials company’s stock valued at $19,309,000 after purchasing an additional 553,722 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Fortuna Silver Mines by 11,698.0% during 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 in the last quarter. Finally, Sprott Inc. grew its holdings in shares of Fortuna Silver Mines by 10.0% during the fourth quarter. Sprott Inc. now owns 2,379,070 shares of the basic materials company’s stock worth $9,171,000 after purchasing an additional 217,036 shares during the last quarter. Institutional investors and hedge funds own 33.80% of the company’s stock.

Fortuna Silver Mines Price Performance

Shares of FSM opened at $4.81 on Tuesday. The business has a 50-day moving average of $4.83 and a 200-day moving average of $4.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 0.76. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -43.73 and a beta of 1.57. Fortuna Silver Mines Inc. has a 1 year low of $2.58 and a 1 year high of $6.36.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Scotiabank boosted their price objective on shares of Fortuna Silver Mines from $6.00 to $6.50 and gave the stock a “sector perform” rating in a research note on Monday, August 19th.

About Fortuna Silver Mines

Fortuna Silver Mines Inc 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.