Fortuna Silver Mines Inc. (NYSE:FSM) does about 4.62M shares in volume on a normal day but saw 4733118 shares change hands in Monday trading. The company now has a market cap of 1.34B USD and an enterprise value of about $1.28B. Its current market price is $7.27, marking an increase of 2.25% compared to the previous close of $7.11. The 52 week high reached by this stock is $7.35 whilst the lowest price level in 52 weeks is $1.47. The script in recent trading has seen the stock touch a high of $7.37 and a low of $7.09.
Fortuna Silver Mines Inc. (FSM) has a 20-day trading average at $6.57 and the current price is -1.09% off the 52-week high compared with 394.56% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.96 and its 200-day simple moving average is $4.06. If we look at the stock’s price movements over the week, volatility stands at 5.91%, which decreases to 5.50% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 65.03 to suggest the stock is neutral.
7 analysts observing the Fortuna Silver Mines Inc. (FSM) stock have set the 12-month price targets for the company’s shares at between $7.00 and $8.59. The consensus objective for the share price is $9.00, suggesting that the stock has a potential upside of 19.22% over the period. The median price target is 8.32% away from the current levels at $7.93.
FactSet Research has provided data showing that 7 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 4 analysts have rated it as a buy and 3 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 02, 2020 when Scotiabank downgraded the stock to “Sector Perform” and issued a price target of . CIBC also downgraded the stock to “Neutral” from Sector Outperform on March 05, 2019 at a price target of .
The current price level is 11.12%, 23.15%, and 80.08% away from its SMA20, SMA50, and SMA200 respectively, with the FSM price moving below the 50-day SMA on August 31. Fortuna Silver Mines Inc. (FSM) stock is up 18.60% over the week and 8.18% over the past month. Its price is 78.19% year-to-date and 75.60% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2017, with the company’s earnings per share (EPS) of $0.06 below consensus estimates by -$0.01. The company’s next earnings report is expected on 11/04/2020, with forecasts estimating quarterly EPS at $0.1 and $0.34 for whole year. FSM’s earnings per share are forecast to grow by 161.50% this year and -2.90% over next year. Expected sales for next quarter are $63 million, which analysts say will come at $265.9 million for the current fiscal year and next year at $260.12 million. In addition, estimates put the company’s current quarterly revenue at an average of $67 million.
Its 12-month price target is $7.93. To reach the target analysts have set, the stock logically needs to grow 19.22 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $7.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $8.59.
Outstanding shares total 183.98M with insiders holding 0.71% of the shares and institutional holders owning 49.92% of the company’s common stock. The price to earnings ratio (P/E ratio) amounts to 7270.00 while the forward price to earnings ratio is 21.38. Price to book ratio is 1.93 and price to sales ratio is 6.02.
According to a U.S. Securities and Exchange Commission filing, VanEck Vectors – Gold Miners ETF has added its position in Fortuna Silver Mines Inc. (FSM) to 9,917,609 shares, mirroring a recent increase by 0.30%. VanEck Vectors – Gold Miners ETF added 30108.0 shares of Fortuna Silver Mines Inc. common stock bringing its total worth to about $66.65 million at the end of recent close, SEC documents show. VanEck Vectors – Gold Miners ETF isn’t the only investment manager who changed stakes and is followed by VanEck Vectors – Junior Gold Mine, which added 0.12 million shares to end up with 9,055,715 shares worth $60.85 million. LF Ruffer Investment Funds – Gold cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 3.25% position in Fortuna Silver Mines Inc. thanks to 5.98 million shares amounting to $40.18 million.