Scotia Capital Inc. lifted its stake in Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) by 29.4% in the 4th quarter, HoldingsChannel reports. The firm owned 61,385 shares of the basic materials company’s stock after acquiring an additional 13,956 shares during the period. Scotia Capital Inc.’s holdings in Fortuna Silver Mines were worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Fortuna Silver Mines in the 4th quarter worth $1,320,000. Mackenzie Financial Corp increased its stake in shares of Fortuna Silver Mines by 109.1% in the 4th quarter. Mackenzie Financial Corp now owns 1,108,140 shares of the basic materials company’s stock worth $5,784,000 after purchasing an additional 578,200 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Fortuna Silver Mines in the 4th quarter worth $344,000. Ninepoint Partners LP increased its stake in shares of Fortuna Silver Mines by 122.4% in the 4th quarter. Ninepoint Partners LP now owns 481,900 shares of the basic materials company’s stock worth $2,516,000 after purchasing an additional 265,200 shares in the last quarter. Finally, Global X Management Co. LLC increased its stake in shares of Fortuna Silver Mines by 6.4% in the 4th quarter. Global X Management Co. LLC now owns 2,153,966 shares of the basic materials company’s stock worth $11,277,000 after purchasing an additional 129,101 shares in the last quarter. Hedge funds and other institutional investors own 44.07% of the company’s stock.
Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Raymond James Financial lowered Fortuna Silver Mines from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, November 21st. Finally, BMO Capital Markets assumed coverage on Fortuna Silver Mines in a research note on Friday, November 17th. They issued an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” 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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