Plato Investment Management Ltd Makes New Investment in Fortuna Silver Mines Inc. (NYSE:FSM)

Plato Investment Management Ltd purchased a new stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,464 shares of the basic materials company’s stock, valued at approximately $128,000.

Other large investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new position in shares of Fortuna Silver Mines during the 3rd quarter valued at $29,000. Banque Cantonale Vaudoise purchased a new stake in Fortuna Silver Mines during the second quarter valued at about $36,000. Perritt Capital Management Inc. grew its stake in shares of Fortuna Silver Mines by 40.0% during the first quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock valued at $39,000 after buying an additional 3,000 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Fortuna Silver Mines in the third quarter worth about $50,000. Finally, Hohimer Wealth Management LLC bought a new stake in shares of Fortuna Silver Mines in the 2nd quarter valued at about $54,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

Fortuna Silver Mines Trading Down 0.4 %

NYSE:FSM opened at $4.68 on Friday. The firm has a market capitalization of $1.47 billion, a P/E ratio of 58.51 and a beta of 1.58. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $4.81 and a 200 day moving average of $4.93. Fortuna Silver Mines Inc. has a 52 week low of $2.63 and a 52 week high of $6.36.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised their price target 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 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.