The stock of Fortuna Silver Mines Inc. (NYSE:FSM) increased by increased by $0.11 on Friday to finish at $4.91, up 2.29 percent. The last five days have seen an average of 3,814,500 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$3.33. The average number of shares traded over the last 20 days was 3,606,130, while the average volume over the last 50 days totaled 4,010,038.
FSM stock appreciated 20.64% since last month. On 10/05/21, the company’s shares reached a one-month low of $3.74. The stock touched a high of $9.85 on 02/01/21, after rallying from a low of $3.74 in 52 weeks. The price of FSM stock has declined by -40.41% or -$3.33 this year, reaching a new high 3 times. Still, the stock price is down -50.15% from the 52-week high.
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Fortuna Silver Mines Inc. (FSM) has a trailing price-to-earnings (P/E) ratio of 17.54. This level actually compares favorably with the industry at large, as the PE for the Silver industry stands at about 26.83. Further, its PE also compares unfavorably with the Basic Materials sector’s trailing 12 months PE ratio, which comes in at 13.81 right now. The PE ratio of Fortuna Silver Mines Inc. has varied between 102.25 and 7.595 in the last five years. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.14, the price-to-book (PB) ratio of 1.21.
Based on annual data, it had gross profit of $57.24 million and revenue of $278.97 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ROE has averaged -13.62 in the past year for the broader industry.
According to Fortuna Silver Mines Inc.’s quarterly financial report for the quarter that ended September 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $257.19 million, while revenues fell by -2.38% to $0.0. It was predicted that Fortuna Silver Mines Inc.’s quarterly earnings would be $0.06, but it ended up being $0.07, beating the consensus by -14.30%. EBITDA was $56.38 million for the quarter. At the end of Fortuna Silver Mines Inc.’s most recent quarter ended September 29, its liabilities totaled 312.7 million, while its total debt was $176.74 million.
Here’s a quick look at Fortuna Silver Mines Inc.’s (FSM) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 78.02%, suggesting the stock is Overbought, with a 36.06% historical volatility rate.
The stochastic %K and %D were 90.53% and 87.74% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 87.97%, the RSI (14) reading is 70.76%. On the 9-day MACD Oscillator, the stock is at 0.22, and the 14-day reading is at 0.41.
Fortuna Silver Mines Inc. (NYSE: FSM) was downgraded by Scotiabank to a a Sector perform rating in its latest research report. The stock was previously rated as a a Sector outperform. Analysts have assigned Fortuna Silver Mines Inc. (FSM) an Overweight rating. FSM is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is FSM’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.46 and $7.08, with a median target price of $5.50. In analyzing these forecasts, the average price target given by analysts for Fortuna Silver Mines Inc. (FSM) is $5.63.