Mackenzie Financial Corp Boosts Stake in Fortuna Silver Mines Inc. (FSM)

Mackenzie Financial Corp grew its holdings in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 15.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 529,940 shares of the basic materials company’s stock after purchasing an additional 69,640 shares during the period. Mackenzie Financial Corp owned approximately 0.33% of Fortuna Silver Mines worth $2,321,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Virtu KCG Holdings LLC raised its position in shares of Fortuna Silver Mines by 43.8% in the second quarter. Virtu KCG Holdings LLC now owns 48,897 shares of the basic materials company’s stock valued at $239,000 after purchasing an additional 14,888 shares during the period. Shell Asset Management Co. raised its position in shares of Fortuna Silver Mines by 124.9% in the third quarter. Shell Asset Management Co. now owns 31,141 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 17,292 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Fortuna Silver Mines by 57.4% in the second quarter. UBS Asset Management Americas Inc. now owns 53,494 shares of the basic materials company’s stock valued at $262,000 after purchasing an additional 19,500 shares during the period. Bank of Nova Scotia raised its position in shares of Fortuna Silver Mines by 103.6% in the second quarter. Bank of Nova Scotia now owns 44,498 shares of the basic materials company’s stock valued at $218,000 after purchasing an additional 22,645 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Fortuna Silver Mines in the second quarter valued at approximately $147,000. 39.59% of the stock is currently owned by institutional investors.

Shares of Fortuna Silver Mines Inc. (NYSE:FSM) opened at $4.26 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.45 and a current ratio of 4.77. The firm has a market cap of $680.05, a P/E ratio of 15.21 and a beta of 0.14. Fortuna Silver Mines Inc. has a twelve month low of $4.03 and a twelve month high of $6.92.

FSM has been the topic of a number of analyst reports. Raymond James Financial lowered shares of Fortuna Silver Mines from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, November 21st. Zacks Investment Research raised shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating and set a $5.25 target price on the stock in a report on Friday, September 22nd. BMO Capital Markets initiated coverage on shares of Fortuna Silver Mines in a report on Friday, November 17th. They set an “outperform” rating on the stock. Scotiabank decreased their target price on shares of Fortuna Silver Mines from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Friday, October 6th. Finally, Canaccord Genuity initiated coverage on shares of Fortuna Silver Mines in a report on Thursday, September 7th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $6.75.

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About Fortuna Silver Mines

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.

Institutional Ownership by Quarter for Fortuna Silver Mines (NYSE:FSM)

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