Synovus Financial Corp Buys New Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Synovus Financial Corp purchased a new position in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 31,470 shares of the basic materials company’s stock, valued at approximately $146,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. acquired a new position in shares of Fortuna Silver Mines in the 3rd quarter worth approximately $29,000. Banque Cantonale Vaudoise bought a new stake in Fortuna Silver Mines during the second quarter worth approximately $36,000. Private Advisor Group LLC acquired a new position in Fortuna Silver Mines in the third quarter worth approximately $50,000. Hohimer Wealth Management LLC bought a new position in shares of Fortuna Silver Mines in the second quarter valued at $54,000. Finally, Choreo LLC acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter valued at $59,000. 33.80% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines Stock Performance

FSM opened at $4.32 on Friday. The business has a fifty day simple moving average of $4.84 and a 200-day simple moving average of $4.82. The firm has a market cap of $1.33 billion, a PE ratio of 54.01 and a beta of 1.55. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines Inc. has a fifty-two week low of $2.63 and a fifty-two week high of $6.36.

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.