CenterBook Partners LP Makes New $716,000 Investment in Fortuna Silver Mines Inc. (NYSE:FSM)

CenterBook Partners LP bought a new position in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 166,946 shares of the basic materials company's stock, valued at approximately $716,000. CenterBook Partners LP owned 0.05% of Fortuna Silver Mines at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. increased its stake in shares of Fortuna Silver Mines by 1,558.0% in the 4th quarter. Invesco Ltd. now owns 1,940,748 shares of the basic materials company's stock valued at $8,326,000 after acquiring an additional 1,823,695 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Fortuna Silver Mines by 63.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,170,700 shares of the basic materials company's stock valued at $9,305,000 after purchasing an additional 845,900 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Fortuna Silver Mines by 15.3% during the fourth quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company's stock valued at $21,625,000 after purchasing an additional 668,590 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Fortuna Silver Mines by 301.9% during the 4th quarter. Russell Investments Group Ltd. now owns 817,871 shares of the basic materials company's stock worth $3,509,000 after purchasing an additional 614,383 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Fortuna Silver Mines by 14.0% in the 4th quarter. Renaissance Technologies LLC now owns 4,233,900 shares of the basic materials company's stock valued at $18,163,000 after buying an additional 520,100 shares during the period. Institutional investors own 33.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FSM shares. Scotiabank increased their price target on Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a "sector perform" rating in a report on Monday. National Bank Financial upgraded Fortuna Silver Mines to a "hold" rating in a report on Friday, March 21st. 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 lowered shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.00.

Fortuna Silver Mines Stock Down 1.1 %

Shares of NYSE:FSM traded down $0.07 during mid-day trading on Thursday, hitting $6.43. 7,245,320 shares of the company traded hands, compared to its average volume of 9,319,156. The stock has a 50-day moving average price of $5.41 and a two-hundred day moving average price of $4.96. Fortuna Silver Mines Inc. has a 12-month low of $3.86 and a 12-month high of $6.76. The stock has a market cap of $1.97 billion, a P/E ratio of 80.45 and a beta of 1.22. 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 (NYSE:FSM - Get Free Report) TSE: FVI last posted its 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 return on equity of 10.08% and a net margin of 2.45%. The firm had revenue of $302.20 million for the quarter, compared to the consensus estimate of $301.65 million. On average, equities research analysts forecast 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.