Wells Fargo & Company MN Has $48,000 Stock Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Wells Fargo & Company MN decreased its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 93.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,104 shares of the basic materials company's stock after selling 155,081 shares during the quarter. Wells Fargo & Company MN's holdings in Fortuna Silver Mines were worth $48,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FSM. Barclays PLC acquired a new position in shares of Fortuna Silver Mines during the 3rd quarter worth approximately $2,227,000. Franklin Resources Inc. increased its holdings in shares of Fortuna Silver Mines by 616.1% during the 3rd quarter. Franklin Resources Inc. now owns 253,500 shares of the basic materials company's stock worth $1,231,000 after acquiring an additional 218,100 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Fortuna Silver Mines during the 4th quarter worth approximately $45,000. SG Americas Securities LLC increased its holdings in shares of Fortuna Silver Mines by 61.8% during the 4th quarter. SG Americas Securities LLC now owns 22,207 shares of the basic materials company's stock worth $95,000 after acquiring an additional 8,484 shares during the last quarter. Finally, Euro Pacific Asset Management LLC increased its holdings in shares of Fortuna Silver Mines by 1.2% during the 4th quarter. Euro Pacific Asset Management LLC now owns 4,365,085 shares of the basic materials company's stock worth $18,792,000 after acquiring an additional 50,402 shares during the last quarter. Institutional investors and hedge funds own 33.80% of the company's stock.

Fortuna Silver Mines Price Performance

Fortuna Silver Mines stock opened at $5.55 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. Fortuna Silver Mines Inc. has a 52 week low of $3.86 and a 52 week high of $6.78. The stock has a market capitalization of $1.70 billion, a P/E ratio of 69.38 and a beta of 1.10. The stock has a fifty day moving average of $5.90 and a 200-day moving average of $5.12.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. The business had revenue of $290.15 million for the quarter, compared to analyst estimates of $291.00 million. On average, sell-side analysts expect that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Cibc World Mkts lowered Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 18th. CIBC lowered Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a report on Tuesday, February 18th. National Bank Financial upgraded Fortuna Silver Mines to a "hold" rating in a research report on Friday, March 21st. Finally, Scotiabank upped their target price on Fortuna Silver Mines from $6.00 to $7.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th.

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.

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