With over 4.03 million Fortuna Silver Mines Inc. (FSM) shares trading Tuesday and a closing price of $3.57 on the day, the dollar volume was approximately $14.38 million. The shares have shown a positive half year performance of 13.69% and its price on 01/09/24 lost nearly -1.92%. Currently, there are 306.46M common shares owned by the public and among those 303.09M 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: 5 analysts who have offered their price forecasts for FSM have a consensus price objective of $4.55. The analysts have set the share’s price value over the next 12 months at a high of $5.25 and a low of $3.64. The average price target is 21.19% above its recent price level and an upside to the estimated low will see the stock gain 1.92% over that period. But an upside of 32.0% will see the stock hit the forecast high price target while median target price for the stock is $4.37.
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However, the script later moved the day high at 3.6599, down -1.92%. The company’s stock has a 5-day price change of -4.29% and 25.70% over the past three months. FSM shares are trading -7.51% year to date (YTD), with the 12-month market performance down to -1.92% lower. It has a 12-month low price of $2.58 and touched a high of $4.20 over the same period. FSM has an average intraday trading volume of 4.57 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 -6.39%, 0.71%, and 6.04% respectively.
Institutional ownership of Fortuna Silver Mines Inc. (NYSE: FSM) shares accounts for 40.99% of the company’s 306.46M shares outstanding.
It has a market capitalization of $1.09B and a beta (3y monthly) value of 1.63. The earnings-per-share (ttm) stands at -$0.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.26% over the week and 4.11% over the month.
Analysts forecast that Fortuna Silver Mines Inc. (FSM) will achieve an EPS of $0.06 for the current quarter, $0.06 for the next quarter and $0.26 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was $0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 63.86%, and 34.51% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Fortuna Silver Mines Inc. (FSM) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 5 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 May 30, 2023, with the firm’s price target at $4.25.
