Choreo LLC Purchases Shares of 12,235 Fortuna Silver Mines Inc. (NYSE:FSM)

Choreo LLC purchased a new stake in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) during the second quarter, according to its most recent filing with the SEC. The fund purchased 12,235 shares of the basic materials company’s stock, valued at approximately $59,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new stake in Fortuna Silver Mines in the 2nd quarter valued at $36,000. Perritt Capital Management Inc. increased its holdings in shares of Fortuna Silver Mines by 40.0% in the 1st quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock worth $39,000 after buying an additional 3,000 shares during the last quarter. Hohimer Wealth Management LLC purchased a new stake in shares of Fortuna Silver Mines during the 2nd quarter valued at about $54,000. Coppell Advisory Solutions Corp. bought a new position in shares of Fortuna Silver Mines in the 1st quarter valued at about $56,000. Finally, Corundum Trust Company INC purchased a new position in Fortuna Silver Mines in the second quarter worth about $73,000. 33.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Scotiabank upped their price objective on Fortuna Silver Mines from $6.00 to $6.50 and gave the company a “sector perform” rating in a research report on Monday, August 19th.

Fortuna Silver Mines Trading Up 1.1 %

Shares of FSM stock opened at $4.91 on Friday. Fortuna Silver Mines Inc. has a 1 year low of $2.58 and a 1 year high of $6.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.51 and a quick ratio of 1.00. The stock’s 50 day simple moving average is $4.67 and its two-hundred day simple moving average is $4.69. The company has a market cap of $1.50 billion, a PE ratio of -44.59 and a beta of 1.59.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The company had revenue of $259.97 million for the quarter. Fortuna Silver Mines had a net margin of 0.20% and a return on equity of 8.75%. Research analysts predict that Fortuna Silver Mines Inc. will post 0.52 earnings per share for the current year.

Fortuna Silver Mines Profile

Fortuna Silver Mines Inc 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.