Charles Schwab Investment Management Inc. Lowers Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Charles Schwab Investment Management Inc. decreased its stake in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 13.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 287,913 shares of the basic materials company’s stock after selling 45,322 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.09% of Fortuna Silver Mines worth $1,340,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new position in Fortuna Silver Mines in the 3rd quarter worth $29,000. Banque Cantonale Vaudoise purchased a new stake in shares of Fortuna Silver Mines during the second quarter worth about $36,000. Private Advisor Group LLC purchased a new stake in shares of Fortuna Silver Mines during the third quarter worth about $50,000. Hohimer Wealth Management LLC bought a new stake in Fortuna Silver Mines during the 2nd quarter valued at approximately $54,000. Finally, Choreo LLC purchased a new position in Fortuna Silver Mines in the 2nd quarter worth approximately $59,000. Institutional investors own 33.80% of the company’s stock.

Fortuna Silver Mines Stock Down 1.0 %

Shares of FSM stock opened at $4.60 on Wednesday. The company’s fifty day simple moving average is $4.85 and its two-hundred day simple moving average is $4.86. Fortuna Silver Mines Inc. has a 52 week low of $2.63 and a 52 week high of $6.36. The stock has a market cap of $1.44 billion, a P/E ratio of 57.50 and a beta of 1.55. 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 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.