Fortuna Silver Mines Inc. (NYSE:FSM) Shares Bought by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 41.9% during the third quarter, according to its most recent disclosure with the Securities and 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 quarter. National Bank of Canada FI’s holdings in Fortuna Silver Mines were worth $3,022,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FSM. Financial Management Professionals Inc. acquired a new position in shares of Fortuna Silver Mines during the 3rd quarter worth approximately $29,000. Banque Cantonale Vaudoise purchased a new position in Fortuna Silver Mines during the second quarter valued at $36,000. Private Advisor Group LLC acquired a new stake in shares of Fortuna Silver Mines in the third quarter valued at about $50,000. Hohimer Wealth Management LLC purchased a new stake in shares of Fortuna Silver Mines during the second quarter worth about $54,000. Finally, Choreo LLC purchased a new stake in shares of Fortuna Silver Mines during the second quarter worth about $59,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Scotiabank boosted their price objective on 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.

Fortuna Silver Mines Trading Down 3.8 %

Shares of FSM opened at $4.72 on Friday. Fortuna Silver Mines Inc. has a 52-week low of $2.63 and a 52-week high of $6.36. The stock has a market cap of $1.48 billion, a PE ratio of 58.94 and a beta of 1.55. The firm’s fifty day moving average is $4.85 and its two-hundred day moving average is $4.88. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12.

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.