Fortuna Silver Mines Inc. (NYSE:FSM) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank increased its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 19.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,983 shares of the basic materials company’s stock after purchasing an additional 5,240 shares during the quarter. Toronto Dominion Bank’s holdings in Fortuna Silver Mines were worth $148,000 as of its most recent filing with the Securities and Exchange Commission.

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

Fortuna Silver Mines Trading Down 1.4 %

Shares of FSM stock opened at $4.65 on Tuesday. The firm’s 50-day simple moving average is $4.85 and its 200-day simple moving average is $4.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37. Fortuna Silver Mines Inc. has a 1-year low of $2.63 and a 1-year high of $6.36. The firm has a market cap of $1.46 billion, a P/E ratio of 58.06 and a beta of 1.55.

Analyst Ratings Changes

Separately, Scotiabank lifted their price objective on Fortuna Silver Mines from $6.00 to $6.50 and gave the company a “sector perform” rating in a research report on Monday, August 19th.

Fortuna Silver Mines Company 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.