| Falling Earnings Estimates Signal Weakness Ahead for Fortuna Silver (FSM) | |
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio. One such stock that you may want to consider dropping is Fortuna Silver Mines Inc. (FSM), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in FSM. A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 4 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from 12 cents a share a month ago to its current level of 7 cents. Also, for the current quarter, Fortuna Silver has seen 2 downward estimate revisions versus 0 revisions in the opposite direction, dragging the consensus estimate down to 2 cents a share from 3 cents per share over the past 30 days. The stock also has seen some pretty dismal trading lately, as the share price has dropped 10% in the past month. So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait. If you are still interested in the broader Basic Materials sector, you may instead consider a better-ranked stock– Neenah Paper (NP). The stock currently holds a Zacks Rank #1 (Strong Buy) and may be better selection at this time. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
FORTUNA SILVER (FSM): Free Stock Analysis Report
NEENAH PAPER (NP): Free Stock Analysis Report
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Fortuna Silver Mines Inc.
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PRODUCTEUR |
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CODE : FVI.TO |
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ISIN : CA3499151080 |
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Fortuna Silver est une société de production minière d'argent basée au Canada. Fortuna Silver est productrice d'argent, de cuivre, d'or, de plomb et de zinc au Mexique et au Perou. Ses principaux projets en production sont CAYLLOMA au Perou et SAN JOSE PROJECT au Mexique et ses principaux projets en exploration sont MARIO PERU au Perou et TLACOLULA au Mexique. Fortuna Silver est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 603,6 millions CA$ (482,6 millions US$, 422,8 millions €). La valeur de son action a atteint son plus bas niveau récent le 15 septembre 2000 à 0,14 CA$, et son plus haut niveau récent le 04 novembre 2016 à 9,99 CA$. Fortuna Silver possède 158 850 000 actions en circulation. |