UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 290,831 shares of the basic materials company's stock, valued at approximately $1,347,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.09% of Fortuna Silver Mines at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. De Lisle Partners LLP acquired a new position in Fortuna Silver Mines during the third quarter valued at approximately $1,672,000. Quantbot Technologies LP grew its holdings in shares of Fortuna Silver Mines by 239.0% in the 3rd quarter. Quantbot Technologies LP now owns 355,474 shares of the basic materials company's stock valued at $1,646,000 after buying an additional 250,618 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Fortuna Silver Mines by 323.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,075,479 shares of the basic materials company's stock valued at $5,005,000 after buying an additional 821,495 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Fortuna Silver Mines during the 3rd quarter worth $1,828,000. Finally, Plato Investment Management Ltd bought a new position in Fortuna Silver Mines during the third quarter worth about $128,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.
Fortuna Silver Mines Trading Down 5.9 %
NYSE:FSM traded down $0.27 on Wednesday, reaching $4.33. The company's stock had a trading volume of 12,867,284 shares, compared to its average volume of 6,586,306. Fortuna Silver Mines Inc. has a 1-year low of $2.63 and a 1-year high of $6.36. The business's 50-day moving average price is $4.84 and its two-hundred day moving average price is $4.84. The firm has a market cap of $1.36 billion, a PE ratio of 54.13 and a beta of 1.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94.
Fortuna Silver Mines Company Profile
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Free Report)
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.
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