Connor Clark & Lunn Investment Management Ltd. Has $9.31 Million Stake in Fortuna Silver Mines Inc. (NYSE:FSM)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 63.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 0.71% of Fortuna Silver Mines worth $9,305,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Fortuna Silver Mines by 323.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,075,479 shares of the basic materials company's stock worth $5,005,000 after buying an additional 821,495 shares in the last quarter. Barclays PLC acquired a new position in Fortuna Silver Mines during the third quarter worth about $2,227,000. Dynamic Technology Lab Private Ltd bought a new stake in Fortuna Silver Mines in the third quarter worth about $1,828,000. Public Employees Retirement System of Ohio acquired a new stake in Fortuna Silver Mines in the 3rd quarter valued at about $1,765,000. Finally, De Lisle Partners LLP bought a new position in shares of Fortuna Silver Mines during the 3rd quarter valued at about $1,672,000. 33.80% of the stock is currently owned by institutional investors.

Fortuna Silver Mines Stock Up 0.9 %

NYSE:FSM traded up $0.05 on Wednesday, hitting $6.00. 15,043,484 shares of the company's stock traded hands, compared to its average volume of 8,589,750. The firm has a 50-day moving average price of $4.79 and a 200-day moving average price of $4.74. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.84 billion, a PE ratio of 75.06 and a beta of 1.50. Fortuna Silver Mines Inc. has a 1 year low of $3.23 and a 1 year high of $6.36.

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Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last announced its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $302.20 million for the quarter, compared to analysts' expectations of $301.65 million. Equities analysts anticipate that Fortuna Silver Mines Inc. will post 0.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.