Geode Capital Management LLC Purchases 5,858 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

Geode Capital Management LLC raised its stake in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,305 shares of the basic materials company’s stock after buying an additional 5,858 shares during the quarter. Geode Capital Management LLC’s holdings in Fortuna Silver Mines were worth $660,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. acquired a new position in Fortuna Silver Mines in the third quarter valued at about $29,000. Private Advisor Group LLC acquired a new position in Fortuna Silver Mines in the third quarter valued at about $50,000. Choreo LLC acquired a new position in Fortuna Silver Mines in the second quarter valued at about $59,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Fortuna Silver Mines in the second quarter valued at about $92,000. Finally, AE Wealth Management LLC acquired a new position in Fortuna Silver Mines in the second quarter valued at about $118,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

Fortuna Silver Mines Trading Down 2.4 %

NYSE:FSM opened at $4.40 on Friday. Fortuna Silver Mines Inc. has a 1-year low of $2.63 and a 1-year high of $6.36. The business’s 50-day moving average price is $4.65 and its two-hundred day moving average price is $4.74. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 55.01 and a beta of 1.55.

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.