Fortuna Silver Mines Inc. (NYSE: FSM): Stock That Needs Special Handling


    With over 3.37 million Fortuna Silver Mines Inc. (FSM) shares trading Tuesday and a closing price of $6.29 on the day, the dollar volume was approximately $21.17 million. The shares have shown a negative weekly performance of -3.53% and its price on 08/25/20 gained nearly 2.61%. Currently, there are 183.79M common shares owned by the public and among those 181.88M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for FSM have a consensus price objective of $7.70. The analysts have set the share’s price value over the next 12 months at a high of $8.52 and a low of $6.49 should the stock experience a downside. Incidentally, analysts’ outlook for the Fortuna Silver Mines Inc. stock is 3.00 for the next 12 months. The average price target is 30.11% above its last price level and an upside to the estimated low will see the stock gain 3.08% over that period. But an upside of 26.17% will see the stock hit the forecast high price target while mean target price for the stock is $7.93.

    The top 3 mutual fund holders in Fortuna Silver Mines Inc. are VanEck Vectors – Gold Miners ETF, VanEck Vectors – Junior Gold Mine, and LF Ruffer Investment Funds – Gold. VanEck Vectors – Gold Miners ETF owns 9.92 million shares of the company’s stock, all valued at over $66.65 million. The company bought an additional 30108.0 shares recently to bring their total holdings to about 5.40% of the shares outstanding. VanEck Vectors – Junior Gold Mine bought 0.12 million shares to see its total holdings expand to 9.06 million shares valued at over $60.85 million and representing 4.93% of the shares outstanding. LF Ruffer Investment Funds – Gold now owns shares totaling to 3.25% of the shares outstanding.

    Shares of Fortuna Silver Mines Inc. (NYSE: FSM) opened at $6.16, up $0.03 from a prior closing price of $6.13. However, the script later closed the day at $6.29, up 2.61%. The company’s stock has a 5-day price change of -3.53% and 50.12% over the past three months. FSM shares are trading 54.17% year to date (YTD), with the 12-month market performance up to 58.04% higher. It has a 12-month low price of $1.47 and touched a high of $7.35 over the same period. Currently, 3.37 million shares have been traded, compared to an average intraday trading volume of 4.58 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.27%, 9.90%, and 58.58% respectively.

    Institutional ownership of Fortuna Silver Mines Inc. (NYSE: FSM) shares accounts for 49.92% of the company’s 183.79M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

    It has a market capitalization of $1.16B. The stock’s trailing 12-month PE ratio is 6290.00, while the earnings-per-share (ttm) stands at $0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.93% over the week and 5.14% over the month.

    Analysts forecast that Fortuna Silver Mines Inc. (FSM) will achieve an EPS of $0.1 for the current quarter, $0.09 for the next quarter and $0.33 for 2018. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.13. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 169.20%, and -2.90% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Fortuna Silver Mines Inc. (FSM) as a “Hold” at a consensus score of 3.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 4 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the FSM, a number of firms have released research notes about the stock. Scotiabank stated their Sector Perform rating for the stock in a research note on April 02, 2020, with the firm’s price target at. CIBC coverage for the Fortuna Silver Mines Inc. (FSM) stock in a research note released on March 05, 2019 offered a Neutral rating with a price target of. Raymond James was of a view on November 21, 2017 that the stock is Outperform, while BMO Capital Markets gave the stock Outperform rating on November 17, 2017, issuing a price target of. BMO Capital Markets on their part issued Outperform rating on March 31, 2017.


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