What The Financials Tell Us About Fortuna Silver Mines Inc. (FSM)

Fortuna Silver Mines Inc. (NYSE:FSM) finished Wednesday with an addition of $0.24 to close at $4.51, an upside of 5.62 percent. An average of 3,451,480 shares of common stock have been traded in the last five days. There was a gain of $0.48 in the past week. The last 20 days have seen an average of 4,183,025 shares traded, while the 50-day average volume stands at 3,974,486.

FSM stock has decreased by -0.66% in the last month. The company shares reached their 1-month lowest point of $3.74 on 10/05/21. With the stock rallying to its 52-week high on 02/01/21, shares of the company touched a low of $3.74 and a high of $9.85 in 52 weeks. In spite of this, the price is down -54.21% from the 52-week high.


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Valuation Metrics

Fortuna Silver Mines Inc. (FSM) has a trailing price-to-earnings (P/E) ratio of 16.11, which compares with the 20.90 for the broader industry and 13.61 for the sector. In the last five years, Fortuna Silver Mines Inc.’s PE ratio has ranged between 102.25 and 7.595. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.97, the price-to-book (PB) ratio at 1.11.

On the profitability front, the trailing 12-month gross margin 5-year average of 35.4%. Fortuna Silver Mines Inc.’s EBITDA margin for the year ending June 29 is 41.93%. Its gross profit as reported stood at $57.24 million compared to revenue of $278.97 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. Fortuna Silver Mines Inc.’s return on assets was 3.7% over the last five years. For the broader industry, ROE averaged -13.62 over the past year.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $257.19 million in the quarter, while revenues of $0.0 were shrunk -2.38%. The analyst consensus anticipated Fortuna Silver Mines Inc.’s latest quarter earnings to come in at $0.13 per share, but it turned out to be $0.11, a -15.40% surprise. For the quarter, EBITDA amounted to $56.38 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Fortuna Silver Mines Inc. (FSM) price momentum. RSI 9-day as of the close on 13 October was 75.00%, suggesting the stock is Overbought, with historical volatility in this time frame at 25.79%.

As of today, FSM’s price is $4.23 +11.91% or $0.48 from its 5-day moving average. FSM is currently trading -0.44% lower than its 20-day SMA and -32.18% lower than its 100-day SMA. However, the stock’s current price level is -4.25% below the SMA50 and -41.05% below the SMA200.

The stochastic %K and %D were 81.95% and 74.19%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 89.53% and the average true range at 0.21, the RSI (14) stands at 64.24%. The stock has reached 0.20 on the 9-day MACD Oscillator while the 14-day reading was at 0.24.

Analyst Ratings

Scotiabank downgraded Fortuna Silver Mines Inc. (NYSE: FSM) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as a a Sector outperform.The consensus rating for Fortuna Silver Mines Inc. (FSM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FSM, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is FSM’s price target for the next 12 months?

Analysts predict a range of price targets between $4.41 and $7.03, with a median target of $5.50. Taking a look at these predictions, the average price target given by analysts for Fortuna Silver Mines Inc. (FSM) stock is $5.59.

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