Franklin Resources Inc. Boosts Stock Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Franklin Resources Inc. raised its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 616.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 253,500 shares of the basic materials company’s stock after buying an additional 218,100 shares during the quarter. Franklin Resources Inc. owned about 0.08% of Fortuna Silver Mines worth $1,231,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Financial Management Professionals Inc. purchased a new position in shares of Fortuna Silver Mines in the 3rd quarter worth about $29,000. Banque Cantonale Vaudoise purchased a new position in Fortuna Silver Mines in the second quarter worth about $36,000. Private Advisor Group LLC bought a new position in shares of Fortuna Silver Mines in the third quarter worth approximately $50,000. Hohimer Wealth Management LLC bought a new stake in shares of Fortuna Silver Mines during the second quarter valued at approximately $54,000. Finally, Choreo LLC purchased a new position in Fortuna Silver Mines in the 2nd quarter worth approximately $59,000. 33.80% of the stock is owned by institutional investors.

Fortuna Silver Mines Stock Performance

FSM stock opened at $4.32 on Friday. The stock’s 50 day simple moving average is $4.81 and its 200 day simple moving average is $4.78. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines Inc. has a 12-month low of $2.63 and a 12-month high of $6.36. The stock has a market capitalization of $1.33 billion, a PE ratio of 54.01 and a beta of 1.55.

Fortuna Silver Mines Company 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.