Fortuna Silver Mines Inc. (FSM) Stock: Should Investors Follow These Insider Trades?

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Fortuna Silver Mines Inc. (NYSE:FSM) saw an upside of 1.05% to close Tuesday at $3.84 after adding $0.04 on the day. The 5-day average trading volume is 4,420,080 shares of the company’s common stock. It has gained $3.85 in the past week and touched a new high 4 times within the past 5 days. An average of 4,207,485 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,846,036.

The company’s shares have touched a 52-week low of $2.05 and high of $4.68, with the stock’s rally to the 52-week high happening on 01/04/23. YTD, FSM has achieved 2.40% or $0.09 and has reached a new high 2 times. However, the current price is down -17.86% from the 52-week high price.

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Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.56 while the price-to-book (PB) in the most recent quarter is 0.80.

The firm’s gross profit as reported stood at $136.88 million against revenue of $599.85 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -42.82% to $23.8 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected FSM to announce $0.03 per share in earnings in its latest quarter, but it posted $0.01, representing a -66.70% surprise. EBITDA for the quarter stood at more than $52.56 million. FSM stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 592.75 million, with total debt at $228.25 million.

Let’s look briefly at Fortuna Silver Mines Inc. (FSM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 59.33% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.13%.

The stock’s 5-day moving average is $3.73, reflecting a +8.47% or $0.30 change from its current price. FSM is currently trading +0.52% above its 20-day SMA, +64.81% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +27.15% and SMA200 by+1.05%.

Stochastic %K and %D was 75.86% and 65.71% and the average true range (ATR) pointed at 0.17. The RSI (14) points at 56.26%, while the 14-day stochastic is at 81.03% with the period’s ATR at 0.18. The stock’s 9-day MACD Oscillator is pointing at 0.13 and 0.13 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Fortuna Silver Mines Inc. (NYSE: FSM), Canaccord Genuity upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for FSM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate FSM as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $3.88 and a high of $5.04, with their median price target at $4.37. Looking at these predictions, the average price target given by analysts is for Fortuna Silver Mines Inc. (FSM) stock is $4.44.

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