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Fortuna Silver Mines (FSM) Catches Eye: Stock Jumps 10.3%

Fortuna Silver Mines Inc. FSM was a big mover last session, as its shares rose over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $5.40 to $6.53 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if Wednesday’s move higher lasts.

Fortuna Silver Mines currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

FORTUNA SILVER Price

FORTUNA SILVER Price | FORTUNA SILVER Quote

Another stock in the mining industry is First Majestic Silver Corp. AG which sports a better Zacks Rank #1 (Strong Buy).

Is FSM going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
FORTUNA SILVER (FSM): Free Stock Analysis Report
 
FIRST MAJESTIC (AG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

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