Royal Bank of Canada Boosts Stake in Fortuna Mining Corp.

Royal Bank of Canada significantly increased its stake in Fortuna Mining Corp. (NYSE:FSM) by 33.1% during the first quarter, according to a recent disclosure with the Securities & Exchange Commission.

The firm acquired an additional 346,716 shares, bringing its total holdings to 1,394,600 shares of Fortuna Mining's stock, valued at $13,849,000 as of its most recent SEC filing. This represents about 0.46% of the company's outstanding shares.

Royal Bank of Canada is not alone in increasing its stake in Fortuna Mining; several other institutional investors and hedge funds have also modified their holdings during this period.