Currently, there are 306.46M common shares owned by the public and among those 303.09M shares have been available to trade.
The top 3 mutual fund holders in Fortuna Silver Mines Inc. are VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and Global X Silver Miners ETF. VanEck Gold Miners ETF owns 16.14 million shares of the company’s stock, all valued at over $62.32 million. The company sold -0.15 million shares recently to bring their total holdings to about 5.27% of the shares outstanding. VanEck Junior Gold Miners ETF sold 11272.0 shares to see its total holdings shrink to 13.02 million shares valued at over $50.26 million and representing 4.25% of the shares outstanding. Global X Silver Miners ETF now owns shares totaling to 2.42% of the shares outstanding.
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The company’s stock has a 5-day price change of -18.95% and 0.98% over the past three months. FSM shares are trading -20.21% year to date (YTD), with the 12-month market performance down to -17.43% 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 4.91 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 -16.64%, -15.54%, and -8.30% respectively.
Institutional ownership of Fortuna Silver Mines Inc. (NYSE: FSM) shares accounts for 40.78% of the company’s 306.46M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $943.90M and a beta (3y monthly) value of 1.62. 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 6.46% over the week and 4.40% over the month.
Analysts forecast that Fortuna Silver Mines Inc. (FSM) will achieve an EPS of $0.08 for the current quarter, $0.08 for the next quarter and $0.3 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.14. Comparatively, EPS for the current quarter was $0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 52.26%, and 31.43% over the next financial year.
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.
