Fortuna Silver Mines Inc. (FSM) Reaches $4.70 After 6.00% Down Move; First Light Asset Management Cut Immunomedics (IMMU) Position

February 15, 2018 - By Hazel Jackson

The stock of Fortuna Silver Mines Inc. (NYSE:FSM) is a huge mover today! The stock decreased 2.80% or $0.135 during the last trading session, reaching $4.695. About 333,046 shares traded. Fortuna Silver Mines Inc. (NYSE:FSM) has declined 25.62% since February 15, 2017 and is downtrending. It has underperformed by 42.32% the S&P500.The move comes after 6 months negative chart setup for the $737.15M company. It was reported on Feb, 15 by Barchart.com. We have $4.41 PT which if reached, will make NYSE:FSM worth $44.23M less.

First Light Asset Management Llc decreased Immunomedics Inc (IMMU) stake by 35.98% reported in 2017Q3 SEC filing. First Light Asset Management Llc sold 737,129 shares as Immunomedics Inc (IMMU)’s stock rose 37.64%. The First Light Asset Management Llc holds 1.31M shares with $18.34 million value, down from 2.05 million last quarter. Immunomedics Inc now has $2.65B valuation. It closed at $16 lastly. It is down 76.26% since February 15, 2017 and is uptrending. It has outperformed by 59.56% the S&P500.

First Light Asset Management Llc increased Veracyte Inc (NASDAQ:VCYT) stake by 87,399 shares to 841,959 valued at $7.38 million in 2017Q3. It also upped Array Biopharma Inc (NASDAQ:ARRY) stake by 897,832 shares and now owns 1.47M shares. Nektar Therapeutics (NASDAQ:NKTR) was raised too.

Since August 21, 2017, it had 0 insider purchases, and 6 sales for $2.10 million activity. GOLDENBERG CYNTHIA L also sold $428,946 worth of Immunomedics, Inc. (NASDAQ:IMMU) on Thursday, August 24. $369,426 worth of Immunomedics, Inc. (NASDAQ:IMMU) was sold by GOLDENBERG DAVID M.

Investors sentiment increased to 1.65 in 2017 Q3. Its up 0.24, from 1.41 in 2017Q2. It is positive, as 16 investors sold IMMU shares while 36 reduced holdings. 38 funds opened positions while 48 raised stakes. 111.69 million shares or 33.14% more from 83.89 million shares in 2017Q2 were reported. Axa invested 0% in Immunomedics, Inc. (NASDAQ:IMMU). Iguana Health Management Llc has 500,000 shares. Sphera Funds Ltd has invested 0.9% of its portfolio in Immunomedics, Inc. (NASDAQ:IMMU). Palo Alto Invsts Lc has invested 1.77% in Immunomedics, Inc. (NASDAQ:IMMU). Laurion Cap Mngmt Lp holds 0% or 44,115 shares. Trexquant Investment Lp stated it has 0.28% in Immunomedics, Inc. (NASDAQ:IMMU). 683 Management Ltd Llc accumulated 225,000 shares or 0.33% of the stock. Acuta Capital Partners Limited Liability accumulated 6.74 million shares or 16.88% of the stock. Wellington Mngmt Ltd Liability Partnership holds 0% in Immunomedics, Inc. (NASDAQ:IMMU) or 151,347 shares. Northern Tru Corp has invested 0% in Immunomedics, Inc. (NASDAQ:IMMU). Hightower owns 51,815 shares. Atika Cap Mgmt Lc holds 135,000 shares. Rhenman Prtnrs Asset Management holds 500,000 shares. Parallax Volatility Advisers Lp has invested 0% in Immunomedics, Inc. (NASDAQ:IMMU). Citigroup stated it has 0% in Immunomedics, Inc. (NASDAQ:IMMU).

Among 3 analysts covering Immunomedics (NASDAQ:IMMU), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Immunomedics had 15 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by Jefferies on Wednesday, July 29 to “Hold”. Cowen & Co maintained the shares of IMMU in report on Monday, July 24 with “Buy” rating. The stock of Immunomedics, Inc. (NASDAQ:IMMU) earned “Buy” rating by Jefferies on Thursday, October 6. Jefferies maintained the shares of IMMU in report on Monday, October 9 with “Buy” rating. The stock of Immunomedics, Inc. (NASDAQ:IMMU) has “Buy” rating given on Wednesday, August 16 by Cowen & Co. The company was downgraded on Tuesday, June 21 by Wells Fargo. The stock has “Market Perform” rating by Wells Fargo on Friday, December 4. The stock of Immunomedics, Inc. (NASDAQ:IMMU) has “Buy” rating given on Friday, June 9 by Jefferies. The stock of Immunomedics, Inc. (NASDAQ:IMMU) earned “Buy” rating by Cowen & Co on Wednesday, December 6. Jefferies maintained the shares of IMMU in report on Wednesday, December 6 with “Buy” rating.

Investors sentiment decreased to 1.42 in Q3 2017. Its down 0.12, from 1.54 in 2017Q2. It dived, as 14 investors sold Fortuna Silver Mines Inc. shares while 19 reduced holdings. 11 funds opened positions while 36 raised stakes. 60.43 million shares or 3.24% less from 62.46 million shares in 2017Q2 were reported. Creative Planning owns 0% invested in Fortuna Silver Mines Inc. (NYSE:FSM) for 41,781 shares. Rathbone Brothers Public Ltd invested in 0% or 11,000 shares. Highbridge Cap Limited Liability reported 61,900 shares. Trexquant Invest Lp stated it has 31,179 shares. Pcj Counsel Ltd reported 0.04% stake. Invesco Ltd owns 34,429 shares. Public Sector Pension Invest Board holds 0.02% or 893,600 shares. Alps Advisors holds 0.04% of its portfolio in Fortuna Silver Mines Inc. (NYSE:FSM) for 1.24 million shares. Mufg Americas Holdg holds 0% of its portfolio in Fortuna Silver Mines Inc. (NYSE:FSM) for 10,000 shares. Tradewinds Ltd Com holds 500 shares. Ubs Asset Mgmt Americas Inc, a Illinois-based fund reported 53,494 shares. Cibc Asset Mngmt Inc holds 874,757 shares or 0.02% of its portfolio. Carroll Finance has invested 0% in Fortuna Silver Mines Inc. (NYSE:FSM). Gamco Inc Et Al has invested 0% in Fortuna Silver Mines Inc. (NYSE:FSM). Renaissance Technologies Limited has 0% invested in Fortuna Silver Mines Inc. (NYSE:FSM).

Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of mineral properties in Latin America. The company has market cap of $737.15 million. The firm explores for silver, gold, lead, and zinc deposits. It has a 18.86 P/E ratio. It holds interests in the Caylloma mine located in southern Peru; and the San Jose mine located in the State of Oaxaca in southern Mexico, as well as develops the Lindero gold project situated in northwestern Argentina.

Analysts await Fortuna Silver Mines Inc. (NYSE:FSM) to report earnings on May, 21. They expect $0.07 EPS, up 40.00% or $0.02 from last year’s $0.05 per share. FSM’s profit will be $10.99 million for 16.77 P/E if the $0.07 EPS becomes a reality. After $0.08 actual EPS reported by Fortuna Silver Mines Inc. for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.

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