|Bid||5.93 x 0|
|Ask||5.94 x 0|
|Day's Range||5.93 - 6.17|
|52 Week Range||5.42 - 12.61|
|Beta (5Y Monthly)||1.14|
|PE Ratio (TTM)||16.92|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The heavy selling pressure might have exhausted for Fortuna (FSM) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Shares of Fortuna Silver Mines (NYSE: FSM) sank 20.1% in the month of June, according to data provided by S&P Global Market Intelligence. With that drop, the silver mining stock gave up all of its gains from May and then some, and the stock isn't done just yet: It's already down about another 7% so far in July. The company's recent acquisition, even as silver prices got whacked, didn't go down well with the market.
Fortuna Silver (FSM) and Roxgold merge to create a company boasting of quality assets, peer-leading free cash flow generation, increased scale and diversification, and lower costs.