Fortuna Silver Mines (FSM) Jumps: Stock Rises 5.7% - Tale of the Tape

By Zacks Equity Research,

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Fortuna Silver Mines Inc. ( FSM ) was a big mover last session, as the company saw its shares rise by roughly 6% 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 of the company as the stock has now gained 28% since Jan 27.

This silver mining company has seen one negative estimate revision in the past 30 days while its Zacks Consensus Estimate remained same 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 ), Alexco Resource Corporation ( AXU ) and Hochschild Mining plc ( HCHDF ). While PH Glatfelter holds a Zacks Rank #1 (Strong Buy), Alexco Resource Corporation and Hochschild Mining carry a Zacks Rank #2 (Buy).

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ALEXCO RESOURCE (AXU): Free Stock Analysis Report

FORTUNA SILVER (FSM): Free Stock Analysis Report

GLATFELTER (GLT): 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 Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: AXU , FSM , GLT , HCHDF

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