Fortuna Silver Mines Inc. (NYSE:FSM) currently has a daily average trading volume of 3.54M but it saw 2324823 shares traded on Thursday. With a market cap of 941.84M USD, stock’s current market price of $3.24 came falling about -0.61 while comparing to the previous closing price of $3.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.20 and as low as $2.05. In the recent trading on the day, stock has struck highest price mark of $3.285 while lowest mark touched by it was $3.22.
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Taking a look at 20-day trading activity of Fortuna Silver Mines Inc. (FSM) gives us an average price of $3.60, while its current price level is -22.86% below from 52-week high level whereas it is 58.05% 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 $3.69 while that of 200 days or SMA-200 reads an average of $3.30. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.83% during that period while stretching the period over a month that increases to 3.69%. 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 29.97 which implies that the stock is in oversold territory.
Data by FactSet Research shows that 5 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. 2 analysts suggested the investors to Buy the stock while 3 advised them to Hold.
Over the week, FSM’s stock price is moving -4.42% down while it is -12.43% when we observe its performance for the past one month. Year-to-date it is -13.60% down and over the past year, the stock is showing a downside performance of -5.26%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.05 beat the consensus estimate of $0.01 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of $0.03 while estimate for next year EPS is $0.33. For FSM, analysts are forecasting an EPS-growth rate of 120.00% for current year and estimate for EPS growth in next year is 30.30%. In next quarter, company is expected to be making quarterly sales of $189.8 million as analysts are expecting the sales for current fiscal year at $737.63 million and seeing the company making $858.47 million in sales next year. Moreover, analysts are in estimates of $170.7 million for current-quarter revenue.
Currently, Fortuna Silver Mines Inc.’s total number of outstanding shares is 290.69M with 0.91% of that held by the insiders while 38.29% of its common stock has been owned by the institutions. It has a 7.53 of forward P/E ratio. Stock has a price to book (P/B) ratio of 0.75 while price to sale or P/S ratio amounts to 1.40.
A filing at the U.S. Securities and Exchange Commission revealed that VanEck Gold Miners ETF came shrinking its share ownership by 0.13% in the Fortuna Silver Mines Inc. (FSM) increasing its stake to 5.66% with control over 21934.0 shares in the company.
