Synovus Financial Corp Takes $146,000 Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Synovus Financial Corp purchased a new position in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,470 shares of the basic materials company’s stock, valued at approximately $146,000.

A number of other institutional investors and hedge funds 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 $29,000. Banque Cantonale Vaudoise acquired a new position in Fortuna Silver Mines in the 2nd quarter worth about $36,000. Private Advisor Group LLC purchased a new stake in shares of Fortuna Silver Mines during the 3rd quarter worth about $50,000. Hohimer Wealth Management LLC acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter valued at about $54,000. Finally, Choreo LLC bought a new stake in shares of Fortuna Silver Mines in the 2nd quarter valued at approximately $59,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

Fortuna Silver Mines Price Performance

Shares of FSM opened at $4.32 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The firm has a market cap of $1.33 billion, a PE ratio of 54.01 and a beta of 1.55. The firm’s 50 day moving average price is $4.84 and its 200 day moving average price is $4.82. Fortuna Silver Mines Inc. has a twelve month low of $2.63 and a twelve 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.