Dynamic Technology Lab Private Ltd Invests $1.83 Million in Fortuna Silver Mines Inc. (NYSE:FSM)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 394,941 shares of the basic materials company’s stock, valued at approximately $1,828,000. Dynamic Technology Lab Private Ltd owned about 0.13% of Fortuna Silver Mines at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Acadian Asset Management LLC raised its position in shares of Fortuna Silver Mines by 12,560.3% in the second quarter. Acadian Asset Management LLC now owns 5,418,611 shares of the basic materials company’s stock valued at $26,456,000 after purchasing an additional 5,375,811 shares during the period. Tidal Investments LLC raised its holdings in Fortuna Silver Mines by 11,698.0% in the 1st quarter. Tidal Investments LLC now owns 4,848,634 shares of the basic materials company’s stock valued at $18,081,000 after acquiring an additional 4,807,537 shares during the period. D. E. Shaw & Co. Inc. lifted its position in 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. Renaissance Technologies LLC boosted its holdings in shares of Fortuna Silver Mines by 94.9% during the second quarter. Renaissance Technologies LLC now owns 5,147,900 shares of the basic materials company’s stock worth $25,173,000 after acquiring an additional 2,507,249 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Fortuna Silver Mines by 28.2% during the second quarter. American Century Companies Inc. now owns 4,839,145 shares of the basic materials company’s stock worth $23,664,000 after acquiring an additional 1,065,370 shares during the period. Institutional investors and hedge funds own 33.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Scotiabank increased their target price on Fortuna Silver Mines from $6.00 to $6.50 and gave the stock a “sector perform” rating in a research note on Monday, August 19th.

Fortuna Silver Mines Trading Down 3.0 %

Shares of Fortuna Silver Mines stock opened at $4.82 on Tuesday. 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 $1.51 billion, a PE ratio of 60.25 and a beta of 1.58. The firm has a 50-day moving average of $4.85 and a 200-day moving average of $4.94. 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 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.