Fortuna Silver Mines Inc. (NYSE:FSM) currently has a daily average trading volume of 3.89M but it saw 4470806 shares traded on Thursday. With a market cap of 934.39M USD, stock’s current market price of $3.22 came falling about -5.57 while comparing to the previous closing price of $3.41. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.56 and as low as $2.05. In the recent trading on the day, stock has struck highest price mark of $3.45 while lowest mark touched by it was $3.15.
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Taking a look at 20-day trading activity of Fortuna Silver Mines Inc. (FSM) gives us an average price of $3.30, while its current price level is -29.39% below from 52-week high level whereas it is 57.07% 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 $3.54 while that of 200 days or SMA-200 reads an average of $3.12. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.27% during that period while stretching the period over a month that decreases to 3.94%. 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 43.21 which implies that the stock is in neutral territory.
Over the week, FSM’s stock price is moving 3.87% up while it is -8.26% when we observe its performance for the past one month. Year-to-date it is -14.13% down and over the past year, the stock is showing a downside performance of -22.41%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $0.01 beaten by the consensus estimate of $0.03 for the same. For FSM, analysts are forecasting an EPS-growth rate of -62.50% for current year and estimate for EPS growth in next year is 53.30%. Moreover, analysts are in estimates of $162.35 million for current-quarter revenue.
Currently, Fortuna Silver Mines Inc.’s total number of outstanding shares is 290.18M with 0.91% of that held by the insiders while 38.12% of its common stock has been owned by the institutions. It has a price to earnings ratio (P/E ratio) of 26.83 while having a 11.10 of forward P/E ratio. Stock has a price to book (P/B) ratio of 0.67 while price to sale or P/S ratio amounts to 1.31.
A filing at the U.S. Securities and Exchange Commission revealed that VanEck Gold Miners ETF came shrinking its share ownership by 0.28% in the Fortuna Silver Mines Inc. (FSM) increasing its stake to 5.21% with control over 41653.0 shares in the company. As per SEC documents, VanEck Gold Miners ETF sought 15,128,507 of company’s common stock of worth $48.87 million as per recent closing price of the stock. VanEck Gold Miners ETF is not the only institutional holder which restructured its stake in Fortuna Silver Mines Inc., as VanEck Junior Gold Miners ETF picked 12,376,935 shares of worth $39.98 million to bring its holdings to a total of 0.12 million shares.
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