Fortuna Silver Mines Inc. (NYSE:FSM) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 63.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,170,700 shares of the basic materials company’s stock after acquiring an additional 845,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.71% of Fortuna Silver Mines worth $9,305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Fortuna Silver Mines during the 4th quarter worth approximately $34,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Fortuna Silver Mines during the 4th quarter worth approximately $45,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Fortuna Silver Mines during the 4th quarter worth approximately $67,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of Fortuna Silver Mines during the 4th quarter worth approximately $68,000. Finally, SG Americas Securities LLC lifted its position in shares of Fortuna Silver Mines by 61.8% during the 4th quarter. SG Americas Securities LLC now owns 22,207 shares of the basic materials company’s stock worth $95,000 after buying an additional 8,484 shares during the last quarter. Institutional investors and hedge funds own 33.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on FSM shares. Cibc World Mkts downgraded shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 18th. Scotiabank reduced their price objective on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 15th. Finally, CIBC downgraded shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research report on Tuesday, February 18th.

Fortuna Silver Mines Stock Up 4.3 %

FSM stock opened at $5.66 on Friday. The company has a fifty day moving average price of $4.71 and a 200 day moving average price of $4.72. Fortuna Silver Mines Inc. has a 12 month low of $3.23 and a 12 month high of $6.36. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 70.70 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its quarterly earnings results on Wednesday, March 5th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.09). Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. The business had revenue of $302.20 million during the quarter, compared to analysts’ expectations of $301.65 million. Sell-side analysts expect that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current year.

Fortuna Silver Mines Company 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.