Coppell Advisory Solutions Corp. Invests $56,000 in Fortuna Silver Mines Inc. (NYSE:FSM)

Coppell Advisory Solutions Corp. acquired a new stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 15,118 shares of the basic materials company’s stock, valued at approximately $56,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sprott Inc. lifted its position in shares of Fortuna Silver Mines by 10.0% during the fourth quarter. Sprott Inc. now owns 2,379,070 shares of the basic materials company’s stock valued at $9,171,000 after buying an additional 217,036 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Fortuna Silver Mines by 5.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,955,544 shares of the basic materials company’s stock valued at $29,710,000 after acquiring an additional 388,903 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Fortuna Silver Mines in the fourth quarter valued at approximately $171,000. Van ECK Associates Corp grew its holdings in Fortuna Silver Mines by 7.9% in the fourth quarter. Van ECK Associates Corp now owns 32,396,826 shares of the basic materials company’s stock worth $125,050,000 after purchasing an additional 2,361,636 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in Fortuna Silver Mines by 7.8% in the fourth quarter. National Bank of Canada FI now owns 1,117,873 shares of the basic materials company’s stock worth $4,163,000 after purchasing an additional 80,856 shares during the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

Fortuna Silver Mines Price Performance

FSM stock traded down $0.20 during trading on Friday, reaching $4.42. The company had a trading volume of 1,364,439 shares, compared to its average volume of 6,141,216. The company has a quick ratio of 0.76, a current ratio of 1.27 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines Inc. has a twelve month low of $2.58 and a twelve month high of $6.36. The firm has a 50-day simple moving average of $5.20 and a 200-day simple moving average of $4.31.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06. Fortuna Silver Mines had a negative net margin of 3.94% and a positive return on equity of 6.04%. The business had revenue of $224.95 million during the quarter. Equities research analysts forecast that Fortuna Silver Mines Inc. will post 0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FSM. StockNews.com upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Scotiabank increased their price target on Fortuna Silver Mines from $4.75 to $6.00 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd.

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 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.