Dimensional Fund Advisors LP Purchases 796,364 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

Dimensional Fund Advisors LP boosted its position in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 10.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,402,119 shares of the basic materials company's stock after acquiring an additional 796,364 shares during the quarter. Dimensional Fund Advisors LP owned 2.74% of Fortuna Silver Mines worth $36,043,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its stake in Fortuna Silver Mines by 1,558.0% during the fourth quarter. Invesco Ltd. now owns 1,940,748 shares of the basic materials company's stock worth $8,326,000 after acquiring an additional 1,823,695 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Fortuna Silver Mines by 63.9% during the 4th 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 acquiring an additional 845,900 shares in the last quarter. American Century Companies Inc. grew its position in Fortuna Silver Mines by 15.3% during the 4th quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company's stock worth $21,625,000 after acquiring an additional 668,590 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Fortuna Silver Mines by 301.9% during the fourth quarter. Russell Investments Group Ltd. now owns 817,871 shares of the basic materials company's stock valued at $3,509,000 after purchasing an additional 614,383 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Fortuna Silver Mines by 14.0% during the fourth quarter. Renaissance Technologies LLC now owns 4,233,900 shares of the basic materials company's stock worth $18,163,000 after purchasing an additional 520,100 shares during the last quarter. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on FSM. Scotiabank lifted their target price on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. National Bank Financial upgraded shares of Fortuna Silver Mines to a "hold" rating in a report on Friday, March 21st. CIBC downgraded Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a report on Tuesday, February 18th. Finally, Cibc World Mkts lowered Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 18th. Two 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 MarketBeat.com, Fortuna Silver Mines currently has an average rating of "Hold" and a consensus target price of $7.00.

Fortuna Silver Mines Trading Down 12.9 %

Shares of FSM traded down $0.80 during trading hours on Thursday, hitting $5.37. 19,897,484 shares of the stock were exchanged, compared to its average volume of 9,812,119. Fortuna Silver Mines Inc. has a fifty-two week low of $3.86 and a fifty-two week high of $6.78. The business has a 50-day moving average of $5.81 and a 200-day moving average of $5.11. The firm has a market capitalization of $1.65 billion, a P/E ratio of 67.07 and a beta of 1.10. 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 - Get Free Report) TSE: FVI last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business had revenue of $290.15 million for the quarter, compared to the consensus estimate of $291.00 million. Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. On average, research analysts expect that Fortuna Silver Mines Inc. will post 0.51 EPS for the current year.

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.