Some Investing Thoughts On Fortuna Silver Mines Inc. (NYSE: FSM)

Fortuna Silver Mines Inc. (FSM) concluded trading on Wednesday at a closing price of $3.03, with 4.63 million shares of worth about $14.04 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.88% during that period and on Wednesday, January 31 the price saw a loss of about -2.26%. Currently the company’s common shares owned by public are about 306.46M shares, out of which, 303.09M shares are available for trading.

Stock saw a price change of -0.98% in past 5 days and over the past one month there was a price change of -21.50%. Year-to-date (YTD), FSM shares are showing a performance of -21.50% which decreased to -20.89% 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 5.01 million. The stock is currently trading -10.91% below its 20-day simple moving average (SMA20), while that difference is down -16.93% for SMA50 and it goes to -8.91% lower than SMA200.

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Fortuna Silver Mines Inc. (NYSE: FSM) currently have 306.46M outstanding shares and institutions hold larger chunk of about 40.37% of that.

The stock has a current market capitalization of $928.57M and its 3Y-monthly beta is at 1.60. 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 3.21% while standing at 4.32% over the month.

Analysts are in expectations that Fortuna Silver Mines Inc. (FSM) stock would likely to be making an EPS of $Taiwan Semiconductor Manufactur in the current quarter, while forecast for next quarter EPS is $112.96 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $FS KKR Capital Corp. which is $Fortuna Silver Mines Inc 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 $Black Stone Minerals, L.P. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 97.00% while it is estimated to increase by 1.89% in next year.

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.

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