Published: Sat, April 21, 2018
Finance | By Claude Patterson

Signals from Technical Perspective - Fortuna Silver Mines Inc (NYSE: FSM)

Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI)'s share price hit a new 52-week high and low during mid-day trading on Tuesday. The company was upgraded on Thursday, February 23 by UBS. Scotia Capital Inc. now owns 61,385 shares of the basic materials company's stock valued at $320,000 after acquiring an additional 13,956 shares during the period. (NYSE:FSM). Hudson Bay Capital Mgmt Limited Partnership reported 65,809 shs or 0.01% of all its holdings. Raymond James And Associates owns 37,313 shares for 0% of their portfolio. (NYSE:FSM) for 12,833 shs. Finally, OxFORD Asset Management LLP lifted its holdings in Fortuna Silver Mines by 185.8% in the third quarter. (NYSE:T) to report earnings on April, 25 after the close.

Fortuna Silver Mines (NYSE:FSM) as of current trade, has shown weekly performance of 6.52% which was maintained at 24.84% in one month period. On Tuesday, November 21 the stock of Fortuna Silver Mines Inc. Peak6 L P invested in 2,589 shs or 0% of the stock.

For the ongoing Fiscal Quarter, 3 analysts have an average earnings forecast of $0.08 per share. (NYSE:FSM) or 154,354 shs. Zacks Investment Research downgraded Fortuna Silver Mines from a "buy" rating to a "hold" rating in a research report on Thursday, April 5th. Current price level places the company's stock about -9.61% from the 52-week high and 15.11% away from the 52-week low. The share price was last seen 1.73% higher, reaching at $5.88 on 04/18/2018. A moving average's greatest strength is its ability to assist a trader identifies a current trend or spots a possible trend reversal. Novartis AG (NYSE:NVS) has risen 5.79% since April 18, 2017 and is uptrending. 177,651 are held by Gp One Trading L P. Deutsche Savings Bank Ag invested in 0% or 239,560 shares. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. Fortuna Silver Mines Inc. had 22 analyst reports since August 11, 2015 according to SRatingsIntel. Wells Fargo & Communication Mn reported 0% in Fortuna Silver Mines Inc. Davenport & Company Llc who had been investing in Fsm for a number of months, seems to be less bullish one the $883.71M market cap company. T's profit will be $5.65 billion for 9.96 P/E if the $0.87 EPS becomes a reality.

Over the past five trading sessions shares of PacWest Bancorp (NASDAQ:PACW) are 1.81%; -6.36% for the month; -4.82% for the last quarter; 3.4% for the past six-months; and 3.4% for the last 12 months.

The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E. Fortuna Silver Mines (NYSE:FSM) has a current PEG of 0. They expect $0.07 EPS, down 22.22% or $0.02 from last year's $0.09 per share. Therefore 80% are positive. BMO Capital Markets upped their price objective on Fortuna Silver Mines from C$8.25 to C$8.50 and gave the stock an "outperform" rating in a report on Friday, February 23rd.

Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of mineral properties in Latin America.The firm is worth $885.24 million. It has a 14.14 P/E ratio. The firm has "Outperform" rating given on Friday, November 17 by BMO Capital Markets. It holds interests in the Caylloma mine located in southern Peru; and the San Jose mine located in the State of Oaxaca in southern Mexico, as well as develops the Lindero gold project situated in northwestern Argentina. On Tuesday, November 21 the firm has "Outperform" rating by Raymond James given. (FSM). The consensus rating is 3, suggesting the market has given up on the stock. (NYSE:T) earned "Hold" rating by RBC Capital Markets on Wednesday, July 26.

(TSE:FVI) PTs and latest ratings.

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