Financial Management Professionals Inc. bought a new stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM – Free Report) (TSE:FVI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,250 shares of the basic materials company’s stock, valued at approximately $29,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in shares of Fortuna Silver Mines during the 2nd quarter valued at $36,000. Perritt Capital Management Inc. grew its holdings in shares of Fortuna Silver Mines by 40.0% during the 1st quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 3,000 shares during the last quarter. Private Advisor Group LLC bought a new position in shares of Fortuna Silver Mines during the 3rd quarter valued at $50,000. Hohimer Wealth Management LLC bought a new position in shares of Fortuna Silver Mines during the 2nd quarter valued at $54,000. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Fortuna Silver Mines during the 1st quarter valued at $56,000. Institutional investors own 33.80% of the company’s stock.
Fortuna Silver Mines Trading Down 2.3 %
Shares of FSM opened at $5.08 on Monday. The stock has a market capitalization of $1.56 billion, a P/E ratio of -46.18 and a beta of 1.60. The company has a quick ratio of 1.00, a current ratio of 1.51 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $4.75 and a two-hundred day simple moving average of $4.92. Fortuna Silver Mines Inc. has a twelve month low of $2.63 and a twelve month high of $6.36.
Analyst Ratings Changes
Separately, Scotiabank increased their price target on shares of Fortuna Silver Mines from $6.00 to $6.50 and gave the company a “sector perform” rating in a research report on Monday, August 19th.
View Our Latest Stock Report on Fortuna Silver Mines
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.
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