Fortuna Silver Mines (FSM) in Focus: Stock Falls 5.9% in Session - Tale of the Tape

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Fortuna Silver Mines Inc. ( FSM ) saw a big move in the last trading session, as the company's shares fell nearly 6% 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 up over 29% in the past one-month time frame.

The company, engaged in the exploration, extraction, and processing of silver and gold properties, has seen 1 positive estimate revision over the past month, though the current year earnings consensus hasn't been in a trend. 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 Basic Materials sector may consider better-ranked stocks like Agnico Eagle Mines Limited ( AEM ), Compass Minerals International Inc. ( CMP ) and Universal Stainless & Alloy Products Inc. ( USAP ), each of which holds a Zacks Rank #1 (Strong Buy).

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FORTUNA SILVER (FSM): Free Stock Analysis Report

UNVL STAINLESS (USAP): Free Stock Analysis Report

AGNICO EAGLE (AEM): Free Stock Analysis Report

COMPASS MINERLS (CMP): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: FSM , USAP , AEM , CMP

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