Quantbot Technologies LP Has $1.65 Million Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Quantbot Technologies LP boosted its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSMFree Report) (TSE:FVI) by 239.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,474 shares of the basic materials company’s stock after buying an additional 250,618 shares during the period. Quantbot Technologies LP owned about 0.11% of Fortuna Silver Mines worth $1,646,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Cubist Systematic Strategies LLC boosted its stake in shares of Fortuna Silver Mines by 273.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,263,905 shares of the basic materials company’s stock valued at $6,180,000 after purchasing an additional 925,084 shares in the last quarter. Van ECK Associates Corp raised its holdings in Fortuna Silver Mines by 2.6% during the 3rd quarter. Van ECK Associates Corp now owns 30,563,833 shares of the basic materials company’s stock worth $141,511,000 after purchasing an additional 788,703 shares during the last quarter. K2 Principal Fund L.P. bought a new stake in Fortuna Silver Mines during the 2nd quarter worth about $550,000. D. E. Shaw & Co. Inc. raised its holdings in Fortuna Silver Mines by 165.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 5,557,376 shares of the basic materials company’s stock worth $27,176,000 after purchasing an additional 3,467,562 shares during the last quarter. Finally, Sicart Associates LLC bought a new stake in shares of Fortuna Silver Mines in the 3rd quarter valued at about $3,171,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

Fortuna Silver Mines Price Performance

NYSE FSM opened at $4.78 on Friday. Fortuna Silver Mines Inc. has a 52-week low of $2.63 and a 52-week high of $6.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The business has a 50 day simple moving average of $4.85 and a 200 day simple moving average of $4.93. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 59.75 and a beta of 1.58.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upped their price target on Fortuna Silver Mines from $6.00 to $6.50 and gave the company a “sector perform” rating in a research note on Monday, August 19th.

Read Our Latest Analysis on Fortuna Silver Mines

About Fortuna Silver Mines

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Fortuna Silver Mines (NYSE:FSM)

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