Analysts Issue Research Notes On Fortuna Silver Mines Inc. (FSM)

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Fortuna Silver Mines Inc. (NYSE:FSM) finished Thursday with a subtraction of -$0.03 to close at $3.77, a downside of -0.79 percent. An average of 3,777,400 shares of common stock have been traded in the last five days. There was a fall of -$0.11 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 5,218,365 shares traded, while the 50-day average volume stands at 4,795,866.

FSM stock has increased by 5.31% in the last month. The company shares reached their 1-month lowest point of $3.58 on 11/30/22. With the stock rallying to its 52-week high on 03/08/22, shares of the company touched a low of $2.05 and a high of $4.68 in 52 weeks. It has reached a new high 7 times so far this year and lost -3.33% or -$0.13 in price. In spite of this, the price is down -19.36% 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 31.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.53, the price-to-book (PB) ratio at 0.79.

Financial Health

Its gross profit as reported stood at $136.88 million compared to revenue of $599.85 million.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $23.8 million in the quarter, while revenues were shrunk -42.82%. The analyst consensus anticipated Fortuna Silver Mines Inc.’s latest quarter earnings to come in at $0.03 per share, but it turned out to be $0.01, a -66.70% surprise. For the quarter, EBITDA amounted to $52.56 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 29 December was 49.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.07%.

As of today, FSM’s price is $3.84 -2.84% or -$0.11 from its 5-day moving average. FSM is currently trading +1.07% higher than its 20-day SMA and +27.80% higher than its 100-day SMA. However, the stock’s current price level is +38.60% above the SMA50 and -9.16% below the SMA200.

The stochastic %K and %D were 50.19% and 55.26%, respectively, and the average true range (ATR) was 0.17. With the 14-day stochastic at 33.71% and the average true range at 0.18, the RSI (14) stands at 53.20%. The stock has reached 0.04 on the 9-day MACD Oscillator while the 14-day reading was at 0.04.

Analyst Ratings

Canaccord Genuity upgraded Fortuna Silver Mines Inc. (NYSE: FSM) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. 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 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 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 $3.96 and $4.75, with a median target of $4.33. Taking a look at these predictions, the average price target given by analysts for Fortuna Silver Mines Inc. (FSM) stock is $4.35.

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