Zacks Investment Research downgraded Fortuna Silver Mines Inc (NYSE:FSM) to Sell in a report released today.
- Updated: October 16, 2016
Zacks Investment Research has downgraded Fortuna Silver Mines Inc (NYSE:FSM) to Sell in a report released on 10/11/2016.
Just yesterday Fortuna Silver Mines Inc (NYSE:FSM) traded -4.86% lower at $6.19. Fortuna Silver Mines Inc’s 50-day moving average is $7.41 and its 200-day moving average is $6.96. The last stock price is down -9.89% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,077,559 shares of FSM traded hands, down from an average trading volume of 1,501,650
Recent Performance Chart
Fortuna Silver Mines Inc has 52 week low of $2.00 and a 52 week high of $9.75 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 3 brokerages have issued a ratings update on the company. The average stock price target is $5.14 with 1 brokerage rating the stock a strong buy, 2 brokerages rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Fortuna Silver Mines Inc (NYSE:FSM)
Fortuna Silver Mines Inc. is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico. The Company's segments include Corporate, Bateas and Cuzcatlan. The Company owns interest in the Caylloma mine and related mining concessions located in southern Peru. The Caylloma property is located in the Caylloma Mining District, approximately 220 kilometers north-northwest of Arequipa, Peru. The Company produces approximately 1.7 million ounces of silver and over 1,160 ounces of gold at Caylloma. The Company's San Jose property, which covers a silver gold bearing epithermal vein system is located in the state of Oaxaca in southern Mexico. The Company produces approximately 4.9 million ounces of silver and over 38,530 ounces of gold at San Jose.
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