Fortuna Silver Mines (NYSE:FSM) Trading 5% Higher

Fortuna Silver Mines Inc. (NYSE:FSMGet Free Report) (TSE:FVI) shot up 5% during trading on Monday . The stock traded as high as $3.57 and last traded at $3.56. 1,259,356 shares changed hands during trading, a decline of 75% from the average session volume of 5,032,609 shares. The stock had previously closed at $3.39.

Analyst Ratings Changes

FSM has been the topic of a number of recent analyst reports. TheStreet downgraded Fortuna Silver Mines from a “c-” rating to a “d” rating in a research report on Thursday, March 7th. StockNews.com lowered shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th.

Get Our Latest Research Report on Fortuna Silver Mines

Fortuna Silver Mines Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 0.89. The stock has a 50 day moving average of $3.08 and a 200 day moving average of $3.24.

Institutional Trading of Fortuna Silver Mines

A number of hedge funds and other institutional investors have recently modified their holdings of FSM. Balyasny Asset Management L.P. acquired a new position in Fortuna Silver Mines in the 1st quarter worth about $10,378,000. Van ECK Associates Corp grew its holdings in Fortuna Silver Mines by 7.9% during the 4th quarter. Van ECK Associates Corp now owns 32,396,826 shares of the basic materials company’s stock worth $125,050,000 after acquiring an additional 2,361,636 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Fortuna Silver Mines in the 4th quarter valued at approximately $7,195,000. Dimensional Fund Advisors LP raised its stake in shares of Fortuna Silver Mines by 345.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,136,632 shares of the basic materials company’s stock valued at $8,141,000 after acquiring an additional 1,657,274 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Fortuna Silver Mines by 446.2% during the second quarter. Renaissance Technologies LLC now owns 1,854,900 shares of the basic materials company’s stock worth $5,268,000 after purchasing an additional 1,515,300 shares during the period. Institutional investors own 33.80% of the company’s stock.

Fortuna Silver Mines Company Profile

(Get Free Report)

Fortuna Silver Mines Inc 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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