Fortuna Silver Mines Inc. (NYSE:FSM) currently has a daily average trading volume of 4.90M but it saw 4377907 shares traded on Wednesday. With a market cap of 1.07B USD, stock’s current market price of $3.69 came rising about 1.65 while comparing to the previous closing price of $3.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.68 and as low as $2.05. In the recent trading on the day, stock has struck highest price mark of $3.69 while lowest mark touched by it was $3.5619.
Taking a look at 20-day trading activity of Fortuna Silver Mines Inc. (FSM) gives us an average price of $3.19, while its current price level is -21.07% below from 52-week high level whereas it is 80.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.82 while that of 200 days or SMA-200 reads an average of $3.17. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.24% during that period while stretching the period over a month that increases to 5.43%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 69.11 which implies that the stock is in neutral territory.
Fortuna Silver Mines Inc. (FSM)’s stock is currently under the radar of 7 analysts who are in consensus at a 12-month price target range of between $3.75 and $4.50 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $3.75 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $4.50. Average price target assigned by them is $4.10 which highlights an upside potential of 10.0% for the stock over that period. And to attain the median price target of $4.12 assigned by those analysts, stock has to add about 10.44% of value to its current levels.
Data by FactSet Research shows that 7 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 4 analysts suggested the investors to Buy the stock while 3 advised them to Hold.
Over the week, FSM’s stock price is moving 6.03% up while it is 30.85% when we observe its performance for the past one month. Year-to-date it is -5.38% down and over the past year, the stock is showing an upside performance of 0.82%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of $0.01 beaten by the consensus estimate of $0.08 for the same. The company is expected to be releasing its next quarterly report in 03/15/2023, for which analysts forecasted an EPS of $0.03 while estimate for next year EPS is $0.17. For FSM, analysts are forecasting an EPS-growth rate of -57.50% for current year and estimate for EPS growth in next year is 47.10%. In next quarter, company is expected to be making quarterly sales of $160.3 million as analysts are expecting the sales for current fiscal year at $679.14 million and seeing the company making $696.42 million in sales next year. Moreover, analysts are in estimates of $161.1 million for current-quarter revenue.
Currently, Fortuna Silver Mines Inc.’s total number of outstanding shares is 290.18M with 1.09% of that held by the insiders while 37.37% of its common stock has been owned by the institutions. It has a price to earnings ratio (P/E ratio) of 30.75 while having a 18.45 of forward P/E ratio. Stock has a price to book (P/B) ratio of 0.77 while price to sale or P/S ratio amounts to 1.50.
A filing at the U.S. Securities and Exchange Commission revealed that VanEck Gold Miners ETF came shrinking its share ownership by -0.10% in the Fortuna Silver Mines Inc. (FSM) decreasing its stake to 5.40% with control over 15384.0 shares in the company.