Man Group plc Acquires 831,994 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

Man Group plc raised its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 127.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,485,494 shares of the basic materials company’s stock after acquiring an additional 831,994 shares during the period. Man Group plc owned approximately 0.48% of Fortuna Silver Mines worth $6,373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FSM. Optiver Holding B.V. bought a new stake in shares of Fortuna Silver Mines during the 4th quarter valued at $26,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Fortuna Silver Mines during the 4th quarter valued at $34,000. Bank of Nova Scotia bought a new stake in shares of Fortuna Silver Mines during the 4th quarter valued at $46,000. TD Waterhouse Canada Inc. raised its position in shares of Fortuna Silver Mines by 24.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 12,440 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 2,440 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of Fortuna Silver Mines during the 4th quarter valued at $57,000. Institutional investors own 33.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on FSM shares. Scotiabank raised their price objective on Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a “sector perform” rating in a research note on Monday, April 14th. Cibc World Mkts cut Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 18th. CIBC lowered Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research report on Tuesday, February 18th. Finally, National Bank Financial upgraded shares of Fortuna Silver Mines to a “hold” rating in a report on Friday, March 21st.

Fortuna Silver Mines Price Performance

Shares of NYSE FSM opened at $5.66 on Wednesday. The firm has a market cap of $1.74 billion, a PE ratio of 70.76 and a beta of 1.10. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines Inc. has a 1-year low of $3.86 and a 1-year high of $6.78. The company has a fifty day moving average price of $5.94 and a 200 day moving average price of $5.13.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $290.15 million during the quarter, compared to analyst estimates of $291.00 million. Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. Research analysts predict that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal 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.