The stock of Fortuna Silver Mines Inc (NYSE:FSM) is a huge mover today! About 1.14 million shares traded hands. Fortuna Silver Mines Inc (NYSE:FSM) has risen 54.00% since March 10, 2016 and is uptrending. It has outperformed by 46.48% the S&P500.
The move comes after 5 months positive chart setup for the $924.28 million company. It was reported on Oct, 13 by Barchart.com. We have $9.51 PT which if reached, will make NYSE:FSM worth $397.44M more.
Analysts await Fortuna Silver Mines Inc (NYSE:FSM) to report earnings on November, 14. They expect $0.09 EPS, up 350.00% or $0.07 from last year’s $0.02 per share. FSM’s profit will be $12.51M for 18.47 P/E if the $0.09 EPS becomes a reality. After $0.04 actual EPS reported by Fortuna Silver Mines Inc for the previous quarter, Wall Street now forecasts 125.00% EPS growth.
Fortuna Silver Mines Inc (NYSE:FSM) Ratings Coverage
Out of 3 analysts covering Fortuna Silver Mines Inc. (NYSE:FSM), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Fortuna Silver Mines Inc. has been the topic of 3 analyst reports since February 16, 2016 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by BMO Capital Markets on Thursday, May 12. Raymond James downgraded Fortuna Silver Mines Inc (NYSE:FSM) on Monday, March 14 to “Outperform” rating. As per Tuesday, February 16, the company rating was downgraded by Canaccord Genuity.
According to Zacks Investment Research, “Fortuna Silver Mines Inc. is engaged in the exploration, mining and development of silver and base metal properties in Latin America. Its core assets include the Caylloma Ag-Pb-Zn-Cu Mine located in Arequipa, Peru and the San Jose Ag – Au Project located in Oaxaca, Mexico. Fortuna Silver Mines Inc. is headquartered in Lima, Peru.”
Insitutional Activity: The institutional sentiment increased to 1.41 in Q2 2016. Its up 0.23, from 1.18 in 2016Q1. The ratio improved, as 9 funds sold all Fortuna Silver Mines Inc shares owned while 23 reduced positions. 21 funds bought stakes while 24 increased positions. They now own 66.17 million shares or 19.75% more from 55.26 million shares in 2016Q1.
D E Shaw Com Inc last reported 0.01% of its portfolio in the stock. Amp Capital Invsts has 40,100 shares for 0% of their US portfolio. The Pennsylvania-based Tfs Capital Ltd Limited Liability Company has invested 0.02% in Fortuna Silver Mines Inc (NYSE:FSM). Regions Fincl Corp holds 0.01% of its portfolio in Fortuna Silver Mines Inc (NYSE:FSM) for 125,000 shares. Ig last reported 0.01% of its portfolio in the stock. Springbok Cap Mngmt Ltd Liability holds 0% or 100 shares in its portfolio. Davenport And Com Ltd Llc, a Virginia-based fund reported 2.64M shares. Capital Advisory Services, a Massachusetts-based fund reported 25,800 shares. Ingalls & Snyder Limited Liability Corp holds 454,100 shares or 0.19% of its portfolio. Bogle Inv Mgmt Lp De holds 0.01% or 22,302 shares in its portfolio. Intact Inv has 0.23% invested in the company for 640,000 shares. Driehaus Mngmt Ltd Liability accumulated 62,884 shares or 0.02% of the stock. Next Gp holds 0% of its portfolio in Fortuna Silver Mines Inc (NYSE:FSM) for 525 shares. Financial Bank Of America Corporation De owns 20,857 shares or 0% of their US portfolio. X Management Co Ltd Company owns 1.86 million shares or 0.65% of their US portfolio.
More news for Fortuna Silver Mines Inc (NYSE:FSM) were recently published by: Marketwatch.com, which released: “Fortuna Reports Production of 2.1 Million Ounces of Silver and 14111 Ounces of …” on October 13, 2016. Streetinsider.com‘s article titled: “Fortuna Silver Mines, Inc. (FSM) to Acquire Goldrock Mines; Deal has EV of C$129M” and published on June 08, 2016 is yet another important article.
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