Fortuna Silver Mines Inc. (FSM) concluded trading on 12/27/23 at a closing price of $4.00, with 4.13 million shares of worth about $16.53 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 28.21% during that period and on Wednesday the price saw a gain of about 0.50%. Currently the company’s common shares owned by public are about 306.46M shares, out of which, 302.38M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the FSM stock and their offered price forecasts bring an average price target of $4.51. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $5.24 and could fall to a lowest price of $3.64. The stock’s current price level is 11.31% above of average price target set by the analysts, while a rise to estimated low would result in loss of -9.89% for the stock. However, touching the estimated high of $5.24 would mean a gain of 23.66% for the stock.
VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and Global X Silver Miners ETF are the top 3 mutual funds which are holding stakes in Fortuna Silver Mines Inc. VanEck Gold Miners ETF is currently holding 16.49 million shares of worth totaling $64.32 million. The company recently came buying 0.0 shares which brought its stake up to 5.38% of the company’s outstanding shares. Global X Silver Miners ETF, after buying 7.74 million shares, have now control over 2.53% of the stake in the company. It holds 0.0 shares of worth $30.18 million.
Fortuna Silver Mines Inc. (NYSE: FSM) started trading at $4.01, above $0.03 from concluding price of the previous day. Stock saw a price change of 0.25% in past 5 days and over the past one month there was a price change of 6.10%. Year-to-date (YTD), FSM shares are showing a performance of 6.67% which increased to 4.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.58 but also hit the highest price of $4.20 during that period. The average intraday trading volume for Fortuna Silver Mines Inc. shares is 4.36 million. The stock is currently trading 3.60% above its 20-day simple moving average (SMA20), while that difference is up 16.88% for SMA50 and it goes to 19.30% higher than SMA200.
Fortuna Silver Mines Inc. (NYSE: FSM) currently have 306.46M outstanding shares and institutions hold larger chunk of about 40.83% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $1.23B and its 3Y-monthly beta is at 1.63. It has posted earnings per share of -$0.39 in the same period. It has Quick Ratio of 1.27 while making debt-to-equity ratio of 0.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FSM, volatility over the week remained 3.60% while standing at 4.09% over the month.
Analysts are in expectations that Fortuna Silver Mines Inc. (FSM) stock would likely to be making an EPS of $0.06 in the current quarter, while forecast for next quarter EPS is $0.06 and it is $0.26 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.1 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.02 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 65.15% while it is estimated to increase by 33.35% in next year.
Analysts at 5 brokerage firms have issued recommendations for the Fortuna Silver Mines Inc. (FSM)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 5 Wall Street analysts, 2 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Scotiabank on May 30, 2023 offering a Sector perform rating for the stock and assigned a target price of $4.25 to it.
