Silver Stocks to Buy #2: Fortuna Silver Mines (FSM)
Click to Enlarge Fortuna Silver Mines (FSM), like Endeavour, is also rushing its 200-day moving average with great momentum and volume. FSM stock lost two-thirds of its value peak-to-trough, but is now on the mend.
Fortuna Silver operates in southern Peru as well as in Mexico. The company was able to maintain profitability this year, in what was a tough period for the entire industry, and is looking to nearly double earnings to 14 cents per share in 2014.
Fortuna reported record 2013 silver equivalent production of 5.9 million ounces, and expects to produce 30% more than this in 2014. The 2013 silver production was a 16% increase over 2012 results.