Franklin Resources Inc. Boosts Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

Franklin Resources Inc. boosted its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 616.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 253,500 shares of the basic materials company's stock after buying an additional 218,100 shares during the quarter. Franklin Resources Inc. owned 0.08% of Fortuna Silver Mines worth $1,231,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FSM. Financial Management Professionals Inc. purchased a new stake in shares of Fortuna Silver Mines during the third quarter worth approximately $29,000. Banque Cantonale Vaudoise purchased a new stake in shares of Fortuna Silver Mines in the 2nd quarter valued at approximately $36,000. Private Advisor Group LLC acquired a new stake in shares of Fortuna Silver Mines in the 3rd quarter valued at $50,000. Hohimer Wealth Management LLC acquired a new stake in shares of Fortuna Silver Mines in the 2nd quarter valued at $54,000. Finally, Choreo LLC purchased a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth $59,000. Institutional investors and hedge funds own 33.80% of the company's stock.

Fortuna Silver Mines Stock Down 2.0 %

NYSE:FSM traded down $0.09 during trading hours on Friday, hitting $4.32. The company's stock had a trading volume of 8,059,481 shares, compared to its average volume of 6,620,696. Fortuna Silver Mines Inc. has a 52-week low of $2.63 and a 52-week high of $6.36. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.33 billion, a P/E ratio of 54.01 and a beta of 1.55. The stock has a fifty day moving average of $4.80 and a 200-day moving average of $4.78.

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.