Choreo LLC Takes Position in Fortuna Silver Mines Inc. (NYSE:FSM)

Choreo LLC acquired a new position in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,235 shares of the basic materials company’s stock, valued at approximately $59,000.

A number of other institutional investors also recently bought and sold shares of the stock. Banque Cantonale Vaudoise purchased a new stake in Fortuna Silver Mines in the second quarter worth about $36,000. Perritt Capital Management Inc. raised its stake in shares of Fortuna Silver Mines by 40.0% in the first 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 period. Hohimer Wealth Management LLC bought a new position in shares of Fortuna Silver Mines in the second quarter worth about $54,000. Coppell Advisory Solutions Corp. bought a new position in shares of Fortuna Silver Mines in the first quarter worth about $56,000. Finally, Corundum Trust Company INC bought a new position in shares of Fortuna Silver Mines in the second quarter worth about $73,000. 33.80% of the stock is owned by institutional investors.

Fortuna Silver Mines Stock Up 1.1 %

NYSE FSM opened at $4.91 on Friday. The stock’s 50-day moving average price is $4.67 and its 200-day moving average price is $4.69. The company has a quick ratio of 1.00, a current ratio of 1.51 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines Inc. has a 52 week low of $2.58 and a 52 week high of $6.36. The company has a market capitalization of $1.50 billion, a P/E ratio of -44.59 and a beta of 1.59.

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

Analysts Set New Price Targets

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

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.