The stock of Fortuna Silver Mines Inc (NYSE:FSM) is a huge mover today! About 839,982 shares traded hands. Fortuna Silver Mines Inc (NYSE:FSM) has risen 72.51% since April 5, 2016 and is uptrending. It has outperformed by 70.55% the S&P500.
The move comes after 9 months positive chart setup for the $1000.00M company. It was reported on Nov, 8 by Barchart.com. We have $11.02 PT which if reached, will make NYSE:FSM worth $640.00 million 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 $13.39M for 18.67 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), 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 reinitiated by Canaccord Genuity with “Buy” on Tuesday, October 25. The rating was downgraded by Canaccord Genuity to “Hold” on Tuesday, February 16. On Thursday, May 12 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. Raymond James downgraded the shares of FSM in a report on Monday, March 14 to “Outperform” rating.
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.
Moreover, Parallax Volatility Advisers L P has 0.01% invested in Fortuna Silver Mines Inc (NYSE:FSM) for 392,314 shares. St Johns Investment Co Lc owns 2,000 shares or 0.01% of their US portfolio. Hillsdale Inv owns 1.43 million shares or 2.93% of their US portfolio. Bancorp Of Montreal Can accumulated 7,700 shares or 0% of the stock. Bogle Inv Management Lp De holds 22,302 shares or 0.01% of its portfolio. Next Fin Gp reported 525 shares or 0% of all its holdings. Springbok Mngmt Limited Liability Corp reported 100 shares or 0% of all its holdings. Walleye Trading Lc last reported 800 shares in the company. Regions Corporation last reported 125,000 shares in the company. One Trading L P holds 0.01% or 147,367 shares in its portfolio. Tfs Capital Lc has 0.02% invested in the company for 17,192 shares. Moreover, Van Eck Assoc has 0.7% invested in Fortuna Silver Mines Inc (NYSE:FSM) for 19.51 million shares. Quantbot Technologies Limited Partnership last reported 0.01% of its portfolio in the stock. Natl Bank Of America Corporation De reported 20,857 shares or 0% of all its holdings. Mackenzie Financial, a Ontario – Canada-based fund reported 1.30M shares.
Another recent and important Fortuna Silver Mines Inc (NYSE:FSM) news was published by Streetinsider.com 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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