Renaissance Technologies LLC grew its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM – Free Report) (TSE:FVI) by 94.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,147,900 shares of the basic materials company’s stock after acquiring an additional 2,507,249 shares during the period. Renaissance Technologies LLC owned about 1.68% of Fortuna Silver Mines worth $25,173,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter valued at $36,000. Perritt Capital Management Inc. lifted its position in shares of Fortuna Silver Mines by 40.0% during the 1st quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 3,000 shares during the last quarter. Hohimer Wealth Management LLC acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter valued at $54,000. Choreo LLC acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter valued at $59,000. Finally, Corundum Trust Company INC acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter valued at $73,000. Institutional investors and hedge funds own 33.80% of the company’s stock.
Fortuna Silver Mines Trading Up 1.0 %
NYSE FSM opened at $4.85 on Friday. Fortuna Silver Mines Inc. has a 1-year low of $2.58 and a 1-year high of $6.36. The company has a current ratio of 1.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.48 billion, a PE ratio of -44.09 and a beta of 1.59. The firm’s fifty day simple moving average is $4.68 and its 200-day simple moving average is $4.69.
Wall Street Analyst Weigh In
Separately, Scotiabank boosted their target price on shares of Fortuna Silver Mines from $6.00 to $6.50 and gave the company a “sector perform” rating in a research note on Monday, August 19th.
Check Out Our Latest Stock Analysis on FSM
Fortuna Silver Mines Profile
Fortuna Silver Mines Inc 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.
See Also
- Five stocks we like better than Fortuna Silver Mines
- Conference Calls and Individual Investors
- Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge
- Stock Analyst Ratings and Canadian Analyst Ratings
- How the Fed’s Rate Cut Could Supercharge These 3 ETFs
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Microsoft Stock: 3 Reasons It’s Ready to Crush Q4
Want to see what other hedge funds are holding FSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fortuna Silver Mines Inc. (NYSE:FSM – Free Report) (TSE:FVI).
Receive News & Ratings for Fortuna Silver Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Silver Mines and related companies with MarketBeat.com's FREE daily email newsletter.