Centiva Capital LP Increases Stock Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Centiva Capital LP raised its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 457.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,059 shares of the basic materials company's stock after acquiring an additional 118,209 shares during the period. Centiva Capital LP's holdings in Fortuna Silver Mines were worth $667,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC grew its position in Fortuna Silver Mines by 273.0% during the second quarter. Cubist Systematic Strategies LLC now owns 1,263,905 shares of the basic materials company's stock valued at $6,180,000 after buying an additional 925,084 shares during the period. Van ECK Associates Corp boosted its position in Fortuna Silver Mines by 2.6% during the third quarter. Van ECK Associates Corp now owns 30,563,833 shares of the basic materials company's stock worth $141,511,000 after acquiring an additional 788,703 shares during the last quarter. K2 Principal Fund L.P. purchased a new stake in shares of Fortuna Silver Mines in the second quarter valued at approximately $550,000. D. E. Shaw & Co. Inc. increased its stake in shares of Fortuna Silver Mines by 165.9% in 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 acquiring an additional 3,467,562 shares during the last quarter. Finally, Sicart Associates LLC acquired a new stake in Fortuna Silver Mines during the third quarter worth about $3,171,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Scotiabank boosted 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 note on Monday, August 19th.

Fortuna Silver Mines Stock Down 3.7 %

NYSE:FSM traded down $0.18 during mid-day trading on Friday, hitting $4.72. The stock had a trading volume of 9,831,506 shares, compared to its average volume of 7,403,450. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines Inc. has a twelve month low of $2.63 and a twelve month high of $6.36. The company has a market capitalization of $1.48 billion, a PE ratio of 59.00 and a beta of 1.55. The stock has a 50-day simple moving average of $4.84 and a two-hundred day simple moving average of $4.91.

About Fortuna Silver Mines

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.