The stock of Fortuna Silver Mines Inc (NYSE:FSM) is a huge mover today! About 1.02M shares traded hands. Fortuna Silver Mines Inc (NYSE:FSM) has risen 41.09% since April 14, 2016 and is uptrending. It has outperformed by 36.40% the S&P500.
The move comes after 5 months negative chart setup for the $984.13 million company. It was reported on Nov, 16 by Barchart.com. We have $6.18 PT which if reached, will make NYSE:FSM worth $49.21 million less.
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 rating was downgraded by BMO Capital Markets on Thursday, May 12 to “Market Perform”. The firm earned “Outperform” rating on Monday, March 14 by Raymond James. The rating was downgraded by Canaccord Genuity to “Hold” on Tuesday, February 16. Canaccord Genuity reinitiated the stock with “Buy” rating in Tuesday, October 25 report.
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 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.
Citadel Advisors Lc holds 0% or 19,590 shares in its portfolio. Driehaus Management Ltd Liability Corp accumulated 62,884 shares or 0.02% of the stock. Toronto Dominion Bancorp has invested 0% of its portfolio in Fortuna Silver Mines Inc (NYSE:FSM). Ubs Asset Americas last reported 85,794 shares in the company. Invesco holds 0% or 12,899 shares in its portfolio. Td Asset Mgmt Inc accumulated 0% or 316,400 shares. Engineers Gate Manager Lp holds 10,000 shares or 0.01% of its portfolio. The New York-based D E Shaw & has invested 0.01% in Fortuna Silver Mines Inc (NYSE:FSM). Renaissance Technologies Ltd Liability holds 0.02% or 1.30M shares in its portfolio. The Ontario – Canada-based Canada Pension Plan Board has invested 0% in Fortuna Silver Mines Inc (NYSE:FSM). Deutsche Bank & Trust Ag holds 1.07 million shares or 0.01% of its portfolio. Alps Inc has 476,353 shares for 0.03% of their US portfolio. Art Advsrs Ltd Com holds 0.02% or 49,928 shares in its portfolio. Morgan Stanley accumulated 0% or 270,284 shares. Jane Street Group Limited Liability Com has 211,017 shares for 0.01% of their US portfolio.
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