What Next for Fortuna Silver Mines Inc Stock After Today’s Huge Decline?

 What Next for Fortuna Silver Mines Inc Stock After Today's Huge Decline?

The stock of Fortuna Silver Mines Inc (TSE:FVI) is a huge mover today! About 503,528 shares traded hands. Fortuna Silver Mines Inc (TSE:FVI) has risen 44.15% since April 13, 2016 and is uptrending. It has outperformed by 39.53% the S&P500.
The move comes after 6 months negative chart setup for the $1.37B company. It was reported on Nov, 17 by Barchart.com. We have $8.04 PT which if reached, will make TSE:FVI worth $82.20 million less.

Fortuna Silver Mines Inc (TSE:FVI) Ratings Coverage

Out of 2 analysts covering Fortuna Silver Mines Inc. (TSE:FVI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $13 is the highest target while $3.60 is the lowest. The $10.27 average target is 20.12% above today’s ($8.55) stock price. Fortuna Silver Mines Inc. has been the topic of 10 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Canaccord Genuity given on Monday, October 24. The stock has “Sector Outperformer” rating given by IBC on Thursday, October 8.

Another recent and important Fortuna Silver Mines Inc (TSE:FVI) 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.

Fortuna Silver Mines Inc. is a Canada mining firm engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The company has a market cap of $1.37 billion. The Firm operates the Caylloma silver, lead, and zinc mine in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico. It currently has negative earnings. The Company’s divisions include Corporate, Bateas and Cuzcatlan.

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