Fortuna Silver Mines Inc. (FSM) was a big mover last session, as the company saw its shares rise by over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 39% in the past one-month time frame.
This company has seen three negative estimate revisions in the past 30 days and its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Fortuna Silver Mines currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the basic materials sector include PH Glatfelter Co. (GLT), Gruma S.A.B. de CV (GMK) and AK Steel Holding Corporation (AKS). While PH Glatfelter and Gruma S.A.B. de CV hold a Zacks Rank #1 (Strong Buy), AK Steel Holding Corporation carries a Zacks Rank #2 (Buy).
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