If you're going to buy it, today is a consideration re Fortuna
A Canada-based precious metals mining company, Fortuna Silver Mines (NYSE:FSM) features operations in Argentina, Burkina Faso, Mexico and Peru. Primarily, Fortuna engages in the production of silver and gold minerals. On paper, the ridiculous weight of inflation and the subsequent loss of purchasing power should make FSM a no-brainer among small-cap stocks to buy on the dip.
Unfortunately, this paper thesis hasn’t translated well in the real world. FSM is a laggard, there’s no other way to put it. Shares are down nearly 22% on a trailing-month basis, while they’ve tanked nearly 36% YTD. Over the trailing year, FSM has staggered to a loss of 44%. Still, aggressive investors may want to add the company on their list of small-cap stocks to buy on the dip.