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Fortuna Silver Mines (FSM) in Focus: Stock Plunges 14.4%

Zacks Equity Research

Fortuna Silver Mines Inc. (FSM) saw a big move in the last trading session, as the company’s shares fell over 14% on the day. The move came on pretty good 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 below the volatile price range of $4.20 to $4.74 in the past one-month time frame.

The company, engaged in the exploration, extraction, and processing of silver and gold properties, has seen 1 negative estimate revision over the past month, and its current year earnings consensus has also moved lower over the same period. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent decline will continue, as the earnings picture definitely suggests that this might be the case.

FSM currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the Basic Materials sector may consider better-ranked stocks like AK Steel Holding Corporation (AKS), Antofagasta plc (ANFGY) and AngloGold Ashanti Ltd. (AU). All these stocks carry a Zacks Rank #1 (Strong Buy).

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

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