Alert: Major Price Advance (4/3/24)-Fortuna Silver Mines Inc (NYSE: FSM).


Fortuna Silver Mines Inc (NYSE: FSM) stock enjoyed a major increase of 13.7% on 4/3/24. The shares closed at $4.57. Moreover, trading volume in this advance was exceptionally high at 349% of normal. The stock has performed in line with the market over the last nine months and has risen 31.3% during the last week.


Current PriceTarget Research Rating

FSM’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.

Fortuna Silver Mines has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Fortuna Silver Mines has a slightly positive Appreciation Score of 61 and a neutral Power Rating of 47, with the Neutral Value Trend Rating the result.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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