Is It Right Time to Be Cautious on Fortuna Silver Mines Inc. (FSM), Rio Tinto Group (RIO)?

The shares of Fortuna Silver Mines Inc. (NYSE:FSM) has been pegged with a rating of Neutral by CIBC in its latest research note that was published on March 5th, 2019. CIBC wasn’t the only research firm that published a report of Fortuna Silver Mines Inc., with other equities research analysts also giving their opinion on the stock. Raymond James advised investors in its research note published on November 21st, 2017, to Outperform the FSM stock. The stock had earned Outperform rating from BMO Capital Markets when it published its report on November 17th, 2017. The stock was given Outperform rating by BMO Capital Markets in its report released on March 31st, 2017. Raymond James was of a view that FSM is Outperform in its latest report on March 14th, 2016. Raymond James thinks that FSM is worth Strong Buy rating. This was contained in the firm’s report on April 20th, 2015.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $9.00. The price of the stock the last time has raised by 64.85% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 57.51.

The shares of the company dipped by -2.48% during the trading session on Tuesday, reaching a low of $3.79 while ending the day at $3.94. During the trading session, a total of 5.41 million shares were traded which represents a -109% decline from the average session volume which is 2.59M shares. FSM had ended its last session trading at 4.04. Fortuna Silver Mines Inc. currently has a market cap of $631.08M, while its P/E ratio stands at 29.62, while its P/E earnings growth sits at 2.56. FSM 52-week low price stands at $2.39 while its 52-week high price is $4.74.

The company in its last quarterly report recorded $0.05 earnings per share which is below the $0.05 predicted by most analysts. The Fortuna Silver Mines Inc. generated $59.00 million in revenue during the last quarter, which is slightly lower than the $61.10 million predicted by analysts. In the second quarter last year, the firm recorded $0.03 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 40%. Fortuna Silver Mines Inc. has the potential to record 0.13 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Jefferies published a research note on August 6th, 2019 where it informed investors and clients that Rio Tinto Group (NYSE:RIO) is now rated as Hold. Raymond James also rated RIO as Downgrade on November 21st, 2017, with its price target of $33 suggesting that RIO could surge by 16.33% from its current share price. Even though the stock has been trading at $48.79/share, analysts expect it to surge higher by 2.50% to reach $59.77/share. It started the day trading at $50.22 and traded between $48.76 and $50.01 throughout the trading session.

A look at its technical shows that RIO’s 50-day SMA is 58.68 while its 200-day SMA stands at 55.49. The stock has a high of $63.26 for the year while the low is $42.28. The company’s P/E ratio currently sits at 6.32, while the P/B ratio is 2.07. At the moment, only of Rio Tinto Group shares were sold short. The company’s average trading volume currently stands at 2.43M shares, which means that the short-interest ratio is just 3.16 days. Over the past seven days, the company moved, with its shift of -2.94%. Looking further, the stock has dropped -13.43% over the past 90 days while it lost -5.62% over the last six months.

Arrowstreet Capital LP meanwhile bought more RIO shares in the recently filed quarter, changing its stake to $737,854,552 worth of shares. Franklin Advisers Inc followed the path by decreasing its RIO portfolio by -9.56% in the quarter. This means that Franklin Advisers Inc sold -1,302,305 shares in the last quarter and now controls 12,326,623 shares of the RIO stock, with the valuation hitting $703,603,641.

Similarly, Goldman Sachs Asset Management LP increased its Rio Tinto Group shares by +66.55% during the recently filed quarter. After buying 2,015,190 shares in the last quarter, the firm now controls 5,043,488 shares of Rio Tinto Group which are valued at $287,882,295. In the same vein, Credit Suisse Securities increased its Rio Tinto Group shares by during the most recent reported quarter. The firm bought 3,611,446 shares during the quarter which increased its stakes to 3,944,386 shares and is now valued at $225,145,553. Following these latest developments, around 6.50% of Rio Tinto Group stocks are owned by institutional investors and hedge funds.