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

Dynamic Technology Lab Private Ltd bought a new stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 394,941 shares of the basic materials company’s stock, valued at approximately $1,828,000.

A number of other institutional investors have also recently modified their holdings of the stock. Cubist Systematic Strategies LLC raised its stake in Fortuna Silver Mines by 273.0% in the second quarter. Cubist Systematic Strategies LLC now owns 1,263,905 shares of the basic materials company’s stock valued at $6,180,000 after purchasing an additional 925,084 shares in the last quarter. Van ECK Associates Corp increased its holdings 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 buying an additional 788,703 shares during the period. K2 Principal Fund L.P. acquired a new position in shares of Fortuna Silver Mines in the 2nd quarter valued at approximately $550,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Fortuna Silver Mines by 165.9% during the 2nd 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 period. Finally, Sicart Associates LLC bought a new stake in shares of Fortuna Silver Mines during the 3rd quarter worth approximately $3,171,000. 33.80% of the stock is currently owned by institutional investors.

Fortuna Silver Mines Price Performance

Fortuna Silver Mines stock opened at $4.82 on Tuesday. 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 52 week low of $2.63 and a 52 week high of $6.36. The stock has a market capitalization of $1.51 billion, a P/E ratio of 60.25 and a beta of 1.58. The stock has a fifty day moving average of $4.85 and a 200-day moving average of $4.94.

Wall Street Analysts Forecast Growth

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

About Fortuna Silver Mines

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.