UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases New Position in Fortuna Silver Mines Inc. (NYSE:FSM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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 approximately 0.09% of Fortuna Silver Mines at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp grew its stake in Fortuna Silver Mines by 2.6% during the 3rd quarter. Van ECK Associates Corp now owns 30,563,833 shares of the basic materials company’s stock worth $141,511,000 after buying an additional 788,703 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Fortuna Silver Mines by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 6,107,298 shares of the basic materials company’s stock valued at $29,865,000 after acquiring an additional 346,008 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Fortuna Silver Mines by 165.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 5,557,376 shares of the basic materials company’s stock worth $27,176,000 after acquiring an additional 3,467,562 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Fortuna Silver Mines by 12,560.3% in the 2nd quarter. Acadian Asset Management LLC now owns 5,418,611 shares of the basic materials company’s stock valued at $26,456,000 after acquiring an additional 5,375,811 shares during the period. Finally, Renaissance Technologies LLC raised its position in Fortuna Silver Mines by 94.9% in the 2nd quarter. Renaissance Technologies LLC now owns 5,147,900 shares of the basic materials company’s stock valued at $25,173,000 after purchasing an additional 2,507,249 shares during the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Fortuna Silver Mines Stock Down 1.0 %

Shares of NYSE:FSM opened at $4.60 on Wednesday. Fortuna Silver Mines Inc. has a 1-year low of $2.63 and a 1-year 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. The stock has a market cap of $1.44 billion, a P/E ratio of 57.44 and a beta of 1.55. The firm has a fifty day moving average price of $4.85 and a 200 day moving average price of $4.86.

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.