Stock of the Day: Could Fortuna Silver Mines Inc Decline After Today’s Significant Increase?

Stock of the Day: Could Fortuna Silver Mines Inc Decline After Today's Significant Increase?

The stock of Fortuna Silver Mines Inc (NYSE:FSM) is a huge mover today! About 949,905 shares traded hands. Fortuna Silver Mines Inc (NYSE:FSM) has risen 31.01% since April 13, 2016 and is uptrending. It has outperformed by 27.09% the S&P500.
The move comes after 5 months positive chart setup for the $908.09 million company. It was reported on Nov, 15 by Barchart.com. We have $8.54 PT which if reached, will make NYSE:FSM worth $272.43M more.

Fortuna Silver Mines Inc (NYSE:FSM) Ratings Coverage

Out of 3 analysts covering Fortuna Silver Mines Inc. (NYSE:FSM), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Fortuna Silver Mines Inc. has been the topic of 4 analyst reports since February 16, 2016 according to StockzIntelligence Inc. The firm has “Market Perform” rating by BMO Capital Markets given on Thursday, May 12. Canaccord Genuity reinitiated Fortuna Silver Mines Inc (NYSE:FSM) on Tuesday, October 25 with “Buy” rating. The firm earned “Outperform” rating on Monday, March 14 by Raymond James. The rating was downgraded by Canaccord Genuity on Tuesday, February 16 to “Hold”.

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 2016 Q2. Its up 0.23, from 1.18 in 2016Q1. The ratio is positive, 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.
Central Square Mngmt Limited Liability Com last reported 2.24% of its portfolio in the stock. Ubs Asset Americas accumulated 85,794 shares or 0% of the stock. Ingalls & Snyder last reported 0.19% of its portfolio in the stock. Van Eck Assocs owns 19.51 million shares or 0.7% of their US portfolio. Barclays Public Ltd Co, a United Kingdom-based fund reported 5,500 shares. Gabelli Funds Ltd Liability Co, a New York-based fund reported 450,000 shares. Walleye Trading Ltd Liability Corp has 0% invested in the company for 800 shares. Bancorp Of Montreal Can last reported 0% of its portfolio in the stock. Pacad Investment Limited holds 200 shares or 0% of its portfolio. Tower Rech Capital Ltd Llc (Trc) last reported 0% of its portfolio in the stock. Grp Inc One Trading Ltd Partnership, a Illinois-based fund reported 147,367 shares. Moreover, Scotia Capital has 0% invested in Fortuna Silver Mines Inc (NYSE:FSM) for 13,335 shares. St Johns Investment Mngmt Co Ltd Liability holds 2,000 shares or 0.01% of its portfolio. Canada Pension Plan Inv Board holds 0% or 9,600 shares in its portfolio. Credit Suisse Ag holds 0% or 410,234 shares in its portfolio.

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