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Fortuna Silver Mines in Focus: FSM Tumbles 7.8%

Zacks Equity Research

Fortuna Silver Mines Inc. (FSM) saw a big move in the last trading session, as the company’s shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent uptrend for FSM as the stock is now up nearly 10% in the past one-month time frame.

The company, which is engaged in the exploration, extraction, and processing of silver and gold properties, has not seen any estimate revisions over the past month, though the current year earnings consensus has moved lower over the same period. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

FSM currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Mining industry may consider better-ranked stocks like Stillwater Mining Co. (SWC), Denison Mines Corp. (DNN) and Lake Shore Gold Corp. (LSG). While Stillwater carries a Zacks Rank #1 (Strong Buy), Denison and Lake Shore hold a Zacks Rank #2 (Buy).

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FORTUNA SILVER MINES INC (FSM): Free Stock Analysis Report

STILLWATER MINING CO (SWC): Free Stock Analysis Report

DENISON MINES CORP (DNN): Free Stock Analysis Report

LAKE SHORE GOLD CORP (LSG): Free Stock Analysis Report

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