Man Group plc Has $6.37 Million Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Man Group plc raised its stake in Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 127.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,485,494 shares of the basic materials company's stock after buying an additional 831,994 shares during the quarter. Man Group plc owned about 0.48% of Fortuna Silver Mines worth $6,373,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FSM. Optiver Holding B.V. bought a new stake in Fortuna Silver Mines in the 4th quarter valued at $26,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Fortuna Silver Mines in the fourth quarter valued at about $34,000. Bank of Nova Scotia acquired a new position in shares of Fortuna Silver Mines during the fourth quarter worth about $46,000. TD Waterhouse Canada Inc. grew its holdings in shares of Fortuna Silver Mines by 24.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 12,440 shares of the basic materials company's stock worth $53,000 after buying an additional 2,440 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of Fortuna Silver Mines during the fourth quarter worth about $57,000. Institutional investors own 33.80% of the company's stock.

Analyst Ratings Changes

FSM has been the subject of a number of recent research reports. Cibc World Mkts downgraded Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 18th. National Bank Financial upgraded shares of Fortuna Silver Mines to a "hold" rating in a report on Friday, March 21st. CIBC downgraded shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. Finally, Scotiabank boosted their price target 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.

Fortuna Silver Mines Stock Up 0.6%

FSM stock traded up $0.04 during mid-day trading on Monday, reaching $5.84. The company had a trading volume of 15,927,246 shares, compared to its average volume of 10,183,348. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 72.95 and a beta of 1.10. Fortuna Silver Mines Inc. has a 52 week low of $3.86 and a 52 week high of $6.78. The stock has a 50 day simple moving average of $5.94 and a two-hundred day simple moving average of $5.15. 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 released its earnings results on Wednesday, May 7th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $290.15 million during the quarter, compared to the consensus estimate of $291.00 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%. As a group, equities analysts predict that Fortuna Silver Mines Inc. will post 0.51 earnings per share for the current fiscal 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.