Stock Buzzer: Fortuna Silver Mines Inc Stock Is Crashing Now

Stock Buzzer: Fortuna Silver Mines Inc Stock Is Crashing Now

The stock of Fortuna Silver Mines Inc (NYSE:FSM) is a huge mover today! The stock decreased 4.06% or $0.3 during the last trading session, hitting $7.09. About 1.69M shares traded hands or 43.22% up from the average. Fortuna Silver Mines Inc (NYSE:FSM) has risen 91.45% since April 4, 2016 and is uptrending. It has outperformed by 90.36% the S&P500.
The move comes after 9 months negative chart setup for the $1.08 billion company. It was reported on Nov, 4 by Barchart.com. We have $6.52 PT which if reached, will make NYSE:FSM worth $86.40M 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 $13.71 million for 19.69 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), 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 company was downgraded on Monday, March 14 by Raymond James. BMO Capital Markets downgraded Fortuna Silver Mines Inc (NYSE:FSM) on Thursday, May 12 to “Market Perform” rating. The company was reinitiated on Tuesday, October 25 by Canaccord Genuity. The stock has “Hold” rating given by Canaccord Genuity on Tuesday, February 16.

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 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.
Cubist Systematic Strategies Limited Liability Corporation accumulated 0.04% or 89,754 shares. Royal Savings Bank Of Canada accumulated 80,633 shares or 0% of the stock. Moreover, Great West Life Assurance Co Can has 0% invested in Fortuna Silver Mines Inc (NYSE:FSM) for 7,095 shares. Ubs Asset Mgmt Americas has 0% invested in the company for 85,794 shares. Cibc Markets Inc accumulated 0% or 109,548 shares. Goldman Sachs Grp accumulated 0% or 200,780 shares. U S last reported 400,000 shares in the company. Susquehanna Int Gp Llp accumulated 300,596 shares or 0% of the stock. Bank & Trust Of America De holds 20,857 shares or 0% of its portfolio. Intact Invest holds 640,000 shares or 0.23% of its portfolio. Oxford Asset Management last reported 281,740 shares in the company. Moreover, Credit Suisse Ag has 0% invested in Fortuna Silver Mines Inc (NYSE:FSM) for 410,234 shares. Davenport Llc accumulated 2.64 million shares or 0% of the stock. Jpmorgan Chase & accumulated 0% or 29,077 shares. Citadel Advsr Ltd Com accumulated 0% or 19,590 shares.

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