Fortuna Silver Mines Inc. (NYSE:FSM) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 239.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 355,474 shares of the basic materials company's stock after purchasing an additional 250,618 shares during the quarter. Quantbot Technologies LP owned approximately 0.11% of Fortuna Silver Mines worth $1,646,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in shares of Fortuna Silver Mines by 64.1% in the first quarter. Russell Investments Group Ltd. now owns 72,518 shares of the basic materials company's stock worth $270,000 after acquiring an additional 28,325 shares during the last quarter. Corundum Trust Company INC acquired a new stake in Fortuna Silver Mines during the second quarter worth approximately $73,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Fortuna Silver Mines by 23.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,176 shares of the basic materials company's stock worth $363,000 after purchasing an additional 13,896 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Fortuna Silver Mines during the second quarter worth $36,000. Finally, CIBC Asset Management Inc lifted its position in Fortuna Silver Mines by 8.5% during the second quarter. CIBC Asset Management Inc now owns 379,667 shares of the basic materials company's stock worth $1,855,000 after buying an additional 29,672 shares during the period. 33.80% of the stock is owned by hedge funds and other institutional investors.

Fortuna Silver Mines Price Performance

Fortuna Silver Mines stock opened at $4.78 on Friday. The firm has a fifty day moving average of $4.85 and a 200-day moving average of $4.93. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines Inc. has a 52-week low of $2.63 and a 52-week high of $6.36. The firm has a market capitalization of $1.50 billion, a P/E ratio of 59.75 and a beta of 1.58.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised their target price on shares of 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.