Northwest & Ethical Investments L.P. Has $446,000 Stake in Fortuna Silver Mines Inc. (NYSE:FSM)

Northwest & Ethical Investments L.P. decreased its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 45.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 95,842 shares of the basic materials company’s stock after selling 80,309 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Fortuna Silver Mines were worth $446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Van ECK Associates Corp raised its position in Fortuna Silver Mines by 2.6% in the third quarter. Van ECK Associates Corp now owns 30,563,833 shares of the basic materials company’s stock worth $141,511,000 after purchasing an additional 788,703 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Fortuna Silver Mines by 6.0% in the 2nd 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. increased its position in Fortuna Silver Mines by 165.9% in 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 purchasing an additional 3,467,562 shares during the period. Acadian Asset Management LLC lifted its holdings in 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 buying an additional 5,375,811 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of 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 worth $25,173,000 after purchasing an additional 2,507,249 shares during the last quarter. 33.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Fortuna Silver Mines Stock Performance

Shares of NYSE FSM opened at $4.78 on Friday. The company has a market capitalization of $1.50 billion, a P/E ratio of 59.75 and a beta of 1.58. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $4.85 and a 200-day moving average of $4.93. Fortuna Silver Mines Inc. has a 12 month low of $2.63 and a 12 month high of $6.36.

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.