PDT Partners LLC Has $707,000 Position in Fortuna Silver Mines Inc. (NYSE:FSM)

PDT Partners LLC reduced its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 71.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,796 shares of the basic materials company's stock after selling 375,051 shares during the quarter. PDT Partners LLC's holdings in Fortuna Silver Mines were worth $707,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in Fortuna Silver Mines by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 253,984 shares of the basic materials company's stock valued at $1,240,000 after buying an additional 3,392 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in Fortuna Silver Mines during the 3rd quarter worth approximately $29,000. Banque Cantonale Vaudoise acquired a new stake in shares of Fortuna Silver Mines in the second quarter worth $36,000. TD Asset Management Inc grew its holdings in shares of Fortuna Silver Mines by 0.9% during the second quarter. TD Asset Management Inc now owns 829,101 shares of the basic materials company's stock valued at $4,054,000 after buying an additional 7,542 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in Fortuna Silver Mines during the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 33.80% of the company's stock.

Wall Street Analyst Weigh In

Separately, Scotiabank raised their price objective on shares of 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 Price Performance

Shares of Fortuna Silver Mines stock traded up $0.43 during trading on Tuesday, hitting $4.98. 10,470,313 shares of the company's stock traded hands, compared to its average volume of 6,425,106. The company has a market cap of $1.56 billion, a PE ratio of 62.13 and a beta of 1.55. The firm's fifty day moving average price is $4.84 and its 200 day moving average price is $4.93. Fortuna Silver Mines Inc. has a twelve month low of $2.63 and a twelve month 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.

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.