The Manufacturers Life Insurance Company Has $2.54 Million Stock Holdings in Fortuna Silver Mines Inc. (NYSE:FSM)

The Manufacturers Life Insurance Company reduced its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 45.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 591,274 shares of the basic materials company's stock after selling 484,205 shares during the period. The Manufacturers Life Insurance Company owned about 0.19% of Fortuna Silver Mines worth $2,539,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Fortuna Silver Mines by 10.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,402,119 shares of the basic materials company's stock worth $36,043,000 after buying an additional 796,364 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Fortuna Silver Mines by 15.3% in the fourth quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company's stock worth $21,625,000 after buying an additional 668,590 shares during the last quarter. Euro Pacific Asset Management LLC increased its stake in shares of Fortuna Silver Mines by 1.2% in the fourth quarter. Euro Pacific Asset Management LLC now owns 4,365,085 shares of the basic materials company's stock worth $18,792,000 after buying an additional 50,402 shares during the last quarter. Renaissance Technologies LLC increased its stake in 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 valued at $18,163,000 after purchasing an additional 520,100 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Fortuna Silver Mines by 63.9% during 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 during the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines Price Performance

NYSE FSM traded down $0.15 on Friday, reaching $5.30. The company's stock had a trading volume of 6,467,223 shares, compared to its average volume of 14,899,807. Fortuna Silver Mines Inc. has a twelve month low of $3.86 and a twelve month high of $6.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The stock has a market cap of $1.63 billion, a PE ratio of 66.20 and a beta of 1.10. The firm's 50 day moving average is $5.93 and its two-hundred day moving average is $5.12.

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 company had revenue of $290.15 million during the quarter, compared to analysts' expectations of $291.00 million. Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. As a group, sell-side analysts predict that Fortuna Silver Mines Inc. will post 0.51 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on FSM shares. 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. CIBC lowered shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research note on Tuesday, February 18th. National Bank Financial upgraded shares of Fortuna Silver Mines to a "hold" rating in a research note on Friday, March 21st. Finally, Scotiabank boosted their target price on shares of Fortuna Silver Mines from $6.00 to $7.00 and gave the company a "sector perform" rating in a research note on Monday, April 14th.

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.