Fortuna Silver Mines Inc. (NYSE:FSM) does about 5.51M shares in volume on a normal day but saw 7834125 shares change hands in Monday trading. The company now has a market cap of 1.43B USD. Its current market price is $4.68, marking a decrease of -0.64% compared to the previous close of $4.71. The 52 week high reached by this stock is $4.76 whilst the lowest price level in 52 weeks is $2.58.
Fortuna Silver Mines Inc. (FSM) has a 20-day trading average at $3.73 and the current price is -1.68% off the 52-week high compared with 81.40% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.26 and its 200-day simple moving average is $3.26. If we look at the stock’s price movements over the week, volatility stands at 8.35%, which decreases to 5.32% 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 82.08 to suggest the stock is overbought.
The consensus objective for the share price is $4.79, suggesting that the stock has a potential upside of 2.3% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 30, 2023 when Scotiabank resumed the stock to “Sector Perform” and issued a price target of $4.25.
Fortuna Silver Mines Inc. (FSM) stock is up 22.19% over the week and 44.44% over the past month. Its price is 21.24% year-to-date and 17.59% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.07 below consensus estimates by -$0.03. FSM’s earnings per share are forecast to shrink by -50.00% this year and 18.20% over next year.
To reach the target analysts have set, the stock logically needs to grow 2.3 percent from here.
Outstanding shares total 306.59M with insiders holding 0.77% of the shares and institutional holders owning 44.49% of the company’s common stock. The company has a return on investment of -3.52% and return on equity of -4.09%. The forward price to earnings ratio is 13.52. The beta has a value of 1.62. Price to book ratio is 1.16 and price to sales ratio is 1.70.
