Fortuna Silver Mines Inc. (NYSE:FSM) Shares Sold by PDT Partners LLC

PDT Partners LLC lessened its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 71.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 152,796 shares of the basic materials company’s stock after selling 375,051 shares during the quarter. PDT Partners LLC’s holdings in Fortuna Silver Mines were worth $707,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FSM. Van ECK Associates Corp raised its position in Fortuna Silver Mines by 2.6% in the 3rd quarter. Van ECK Associates Corp now owns 30,563,833 shares of the basic materials company’s stock valued at $141,511,000 after purchasing an additional 788,703 shares during the last quarter. Dimensional Fund Advisors LP raised 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 buying an additional 346,008 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake 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 buying an additional 3,467,562 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Fortuna Silver Mines by 12,560.3% during the second quarter. Acadian Asset Management LLC now owns 5,418,611 shares of the basic materials company’s stock worth $26,456,000 after buying an additional 5,375,811 shares during the last quarter. Finally, Renaissance Technologies LLC increased 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 acquiring an additional 2,507,249 shares during the period. Institutional investors and hedge funds own 33.80% of the company’s stock.

Fortuna Silver Mines Stock Down 5.0 %

Shares of Fortuna Silver Mines stock opened at $4.54 on Tuesday. The company has a market cap of $1.42 billion, a P/E ratio of 56.76 and a beta of 1.58. The firm has a fifty day moving average of $4.85 and a two-hundred day moving average of $4.93. 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 Inc. has a one year low of $2.63 and a one year high of $6.36.

Analyst Upgrades and Downgrades

Separately, Scotiabank increased their price objective on Fortuna Silver Mines from $6.00 to $6.50 and gave the stock 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.