Stock Worth Watching: Could Fortuna Silver Mines Inc Recover After Today’s Significant Decline?

Stock Worth Watching: Could Fortuna Silver Mines Inc Recover After Today's Significant Decline?

The stock of Fortuna Silver Mines Inc (NYSE:FSM) is a huge mover today! About 454,300 shares traded hands. Fortuna Silver Mines Inc (NYSE:FSM) has risen 64.34% since March 11, 2016 and is uptrending. It has outperformed by 58.88% the S&P500.
The move comes after 9 months negative chart setup for the $957.71M company. It was reported on Oct, 14 by We have $5.93 PT which if reached, will make NYSE:FSM worth $57.46 million less.

Analysts await Fortuna Silver Mines Inc (NYSE:FSM) to report earnings on November, 14. They expect $0.09 earnings per share, up 350.00% or $0.07 from last year’s $0.02 per share. FSM’s profit will be $13.66 million for 17.53 P/E if the $0.09 EPS becomes a reality. After $0.04 actual earnings per share 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 of Fortuna Silver Mines Inc (NYSE:FSM) earned “Outperform” rating by Raymond James on Monday, March 14. The rating was downgraded by Canaccord Genuity on Tuesday, February 16 to “Hold”. The firm earned “Market Perform” rating on Thursday, May 12 by BMO Capital Markets.

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 increased, 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.
The Colorado-based Alps Advsrs has invested 0.03% in Fortuna Silver Mines Inc (NYSE:FSM). Vanguard Group accumulated 28,777 shares or 0% of the stock. Moreover, Eqis has 0.02% invested in Fortuna Silver Mines Inc (NYSE:FSM) for 36,732 shares. The Germany-based Deutsche Bancorp Ag has invested 0.01% in Fortuna Silver Mines Inc (NYSE:FSM). Next Grp Inc Inc owns 525 shares or 0% of their US portfolio. The United Kingdom-based Rathbone Brothers Public Limited Company has invested 0% in Fortuna Silver Mines Inc (NYSE:FSM). Canada Pension Plan Inv Board last reported 9,600 shares in the company. Citadel Limited Co holds 0% or 19,590 shares in its portfolio. U S Invsts holds 1.53% of its portfolio in Fortuna Silver Mines Inc (NYSE:FSM) for 400,000 shares. Swiss Fincl Bank last reported 0% of its portfolio in the stock. Ladenburg Thalmann Service Inc has 0% invested in the company for 2,750 shares. Invesco Ltd has invested 0% of its portfolio in Fortuna Silver Mines Inc (NYSE:FSM). Renaissance Tech holds 0.02% or 1.30M shares in its portfolio. Connor Clark & Lunn Invest Ltd accumulated 5.19M shares or 0.26% of the stock. Mason Hill Limited Liability Corp has invested 22.91% of its portfolio in Fortuna Silver Mines Inc (NYSE:FSM).

Another recent and important Fortuna Silver Mines Inc (NYSE:FSM) news was published by which published an article titled: “Fortuna Silver Mines, Inc. (FSM) to Acquire Goldrock Mines; Deal has EV of C$129M” on June 08, 2016.

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