National Bank of Canada FI Buys 192,552 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

National Bank of Canada FI raised its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 41.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 652,539 shares of the basic materials company's stock after buying an additional 192,552 shares during the period. National Bank of Canada FI owned about 0.21% of Fortuna Silver Mines worth $3,022,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSM. Centiva Capital LP increased its holdings in Fortuna Silver Mines by 457.3% during the 3rd quarter. Centiva Capital LP now owns 144,059 shares of the basic materials company's stock valued at $667,000 after purchasing an additional 118,209 shares during the period. Walleye Capital LLC grew its position in shares of Fortuna Silver Mines by 1,041.9% in the 3rd quarter. Walleye Capital LLC now owns 90,400 shares of the basic materials company's stock worth $419,000 after buying an additional 99,998 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Fortuna Silver Mines during the third quarter valued at approximately $1,347,000. De Lisle Partners LLP bought a new position in shares of Fortuna Silver Mines during the third quarter valued at approximately $1,672,000. Finally, Quantbot Technologies LP lifted its stake in Fortuna Silver Mines by 239.0% in the third quarter. Quantbot Technologies LP now owns 355,474 shares of the basic materials company's stock worth $1,646,000 after acquiring an additional 250,618 shares during the period. 33.80% of the stock is owned by institutional investors.

Fortuna Silver Mines Stock Down 3.9 %

Shares of FSM stock traded down $0.19 during mid-day trading on Friday, hitting $4.71. The company's stock had a trading volume of 7,552,442 shares, compared to its average volume of 6,560,089. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 58.94 and a beta of 1.55. The business has a 50-day moving average price of $4.85 and a 200 day moving average price of $4.88. Fortuna Silver Mines Inc. has a 52-week low of $2.63 and a 52-week high of $6.36.

Wall Street Analyst Weigh In

Separately, Scotiabank increased their target price on Fortuna Silver Mines from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research report on Monday, August 19th.

Fortuna Silver Mines 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.