Fortuna Silver Mines Inc.

Fortuna Silver Mines is engaged in the mining, exploration, extraction and processing of silver, gold and zinc mine properties in southern Peru and Mexico.
  • TickerFVI.
  • ISINCA3499151080
  • ExchangeToronto Stock Exchange
  • SectorMining
  • CountryCanada

Analysts

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

ValuEngine Rating and Forecast Report for FSM

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Weakening Dollar, Strengthening Commodities We continue to see increasingly more reasons to be bullish than not, and we believe the path of least resistance is higher for US equities. We also continue to recommend a “buy the dip” strategy. Below we outline new developments, including more signs that the US dollar is rolling over, bullish developments for gold & gold miners, and major breakouts for the Consumer Discretionary Sector. • Weak Dollar, Strong Commodity. The US dollar (DXY) continues to show signs of breaking down just as the Bloomberg Commodity Index (BCOM) makes a bullish inflect...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

S&P 500 consolidating despite negative signals We remain cautious as there continues to be several new or persisting negative signals which tell us that upside is likely to be muted from here -- barring improvements. At the same time we are not seeing widespread breakdowns and the major averages are still consolidating within a 1-month horizontal range. As long as this consolidation continues, a neutral outlook is appropriate. • Sector Relative Strength Rankings & Weighting Recommendations. Defensives (Staples, Utilities, Real Estate) notched new YTD RS highs yet again over the past week. Th...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Semiconductors, Transportation improving The S&P 500 continues to move higher on narrow leadership, which is not inspiring a bullish outlook. Currently leading the S&P 500 higher in terms of RS are Technology, Services, Facebook (FB), Amazon (AMZN), and Procter & Gamble (PG). If this were a bull market, (1) PG would likely NOT be listed here as leadership, and (2) we would expect to see participation broaden out to Discretionary (RCD), Transportation (IYT), banks (KBE), Industrials (XLI), and small-caps (IWM). All of these areas are still consolidating below meaningful resistance, and we cont...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Emerging Markets breakdown, avoid; MSCI ACWI falls below 200-day moving average; Be selective in Japan Global markets have deteriorated considerably since we published our June International Macro Vision last week. The MSCI EM index has decisively broken down below the 60,000 major support level we identified, which coincided with a breakdown in relative strength. We're cutting EM to underweight and recommend reducing exposure. Additionally, the MSCI ACWI ETF has broken below its 200-day MA, leading us to believe additional consolidation is likely. ACWI long-term breadth as measured by the pe...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Sector trends continue to support a risk-on environment. Defensive sectors like Consumer Staples, Utilities, REITs, and Communications continue to lag, while cyclicals - notably Consumer Discretionary and Technology, remain near the top of our relative strength rankings. While this paints a bullish picture, mixed breadth indicators and sideways, sawtooth price action give us pause, lending to our neutral and unchanged outlook. Expect further consolidation and volatility. • Cyclicals continue to dominate our relative strength rankings. The one exception is equal-weight Health Care - typically...

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