Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM – Free Report) (TSE:FVI) by 75.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,700 shares of the basic materials company’s stock after selling 103,900 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Fortuna Silver Mines were worth $95,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of FSM. First Trust Advisors LP acquired a new stake in Fortuna Silver Mines in the third quarter valued at $26,000. Northern Trust Corp acquired a new position in Fortuna Silver Mines in the second quarter valued at $28,000. Stableford Capital II LLC acquired a new position in Fortuna Silver Mines in the second quarter valued at $29,000. Equitable Holdings Inc. acquired a new position in Fortuna Silver Mines in the second quarter valued at $32,000. Finally, Rathbones Group PLC acquired a new stake in shares of Fortuna Silver Mines in the 3rd quarter valued at about $34,000. 31.19% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. TheStreet cut Fortuna Silver Mines from a “c-” rating to a “d” rating in a research report on Thursday. StockNews.com cut Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th.
View Our Latest Stock Report on Fortuna Silver Mines
Fortuna Silver Mines Price Performance
Shares of FSM opened at $3.25 on Friday. Fortuna Silver Mines Inc. has a twelve month low of $2.58 and a twelve month high of $4.20. The stock’s 50 day moving average is $3.15 and its two-hundred day moving average is $3.20. The firm has a market capitalization of $994.88 million, a PE ratio of -8.54 and a beta of 1.59. The company has a current ratio of 2.12, a quick ratio of 1.27 and a debt-to-equity ratio of 0.21.
About Fortuna Silver Mines
Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine located in southern Mexico; the Lindero gold project located in Northern Argentina; Yaramoko gold mine located in south western Burkina Faso; and Séguéla gold mine located in south western Côte d’Ivoire.
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