National Bank of Canada FI Raises Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

National Bank of Canada FI increased its stake in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 41.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 652,539 shares of the basic materials company’s stock after purchasing an additional 192,552 shares during the period. National Bank of Canada FI owned 0.21% of Fortuna Silver Mines worth $3,022,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Centiva Capital LP lifted its stake in shares of Fortuna Silver Mines by 457.3% during the third quarter. Centiva Capital LP now owns 144,059 shares of the basic materials company’s stock worth $667,000 after buying an additional 118,209 shares during the period. Walleye Capital LLC lifted its position in Fortuna Silver Mines by 1,041.9% during the 3rd quarter. Walleye Capital LLC now owns 90,400 shares of the basic materials company’s stock worth $419,000 after acquiring an additional 99,998 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Fortuna Silver Mines during the 3rd quarter valued at about $1,347,000. De Lisle Partners LLP acquired a new position in shares of Fortuna Silver Mines in the third quarter valued at about $1,672,000. Finally, Quantbot Technologies LP raised its stake in shares of Fortuna Silver Mines by 239.0% in the third quarter. Quantbot Technologies LP now owns 355,474 shares of the basic materials company’s stock worth $1,646,000 after purchasing an additional 250,618 shares during the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Scotiabank upped their target price on 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.

Fortuna Silver Mines Trading Down 3.8 %

Shares of Fortuna Silver Mines stock opened at $4.72 on Friday. Fortuna Silver Mines Inc. has a 1 year low of $2.63 and a 1 year high of $6.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37. The stock has a market cap of $1.48 billion, a PE ratio of 58.94 and a beta of 1.55. The firm has a fifty day moving average price of $4.85 and a 200 day moving average price of $4.88.

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.