Commerzbank Aktiengesellschaft FI Acquires 95,475 Shares of Fortuna Silver Mines Inc. (FSM)

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 287.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 128,634 shares of the basic materials company’s stock after purchasing an additional 95,475 shares during the period. Commerzbank Aktiengesellschaft FI owned 0.08% of Fortuna Silver Mines worth $563,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of FSM. Morgan Stanley lifted its holdings in shares of Fortuna Silver Mines by 48.0% during the first quarter. Morgan Stanley now owns 656,263 shares of the basic materials company’s stock worth $3,413,000 after purchasing an additional 212,785 shares during the period. Sei Investments Co. lifted its holdings in shares of Fortuna Silver Mines by 24,858.0% during the second quarter. Sei Investments Co. now owns 359,645 shares of the basic materials company’s stock worth $1,758,000 after purchasing an additional 358,204 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Fortuna Silver Mines by 209.2% during the second quarter. Alps Advisors Inc. now owns 902,186 shares of the basic materials company’s stock worth $4,412,000 after purchasing an additional 610,431 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Fortuna Silver Mines during the second quarter worth $5,797,000. Finally, Cipher Capital LP lifted its holdings in shares of Fortuna Silver Mines by 28.9% during the second quarter. Cipher Capital LP now owns 306,562 shares of the basic materials company’s stock worth $1,499,000 after purchasing an additional 68,774 shares during the period. Institutional investors own 39.59% of the company’s stock.

Fortuna Silver Mines Inc. (NYSE:FSM) opened at $4.26 on Friday. Fortuna Silver Mines Inc. has a 52 week low of $4.03 and a 52 week high of $6.92. The firm has a market cap of $680.05, a price-to-earnings ratio of 15.21 and a beta of 0.14. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.45 and a current ratio of 4.77.

A number of brokerages have recently commented on FSM. Canaccord Genuity began coverage on shares of Fortuna Silver Mines in a report on Thursday, September 7th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Scotiabank lowered their target price on shares of Fortuna Silver Mines from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Friday, October 6th. Raymond James Financial downgraded shares of Fortuna Silver Mines from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, November 21st. Finally, BMO Capital Markets began coverage on shares of Fortuna Silver Mines in a research note on Friday, November 17th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price 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.

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

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