Fortuna Silver Mines Inc. (NYSE:FSM) saw a downside of -0.34% to close Tuesday at $2.91 after subtracting -$0.01 on the day. The 5-day average trading volume is 2,505,620 shares of the company’s common stock. It has gained $2.96 in the past week and touched a new high 1 time within the past 5 days. An average of 2,688,660 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,744,114.
FSM’s 1-month performance is -18.49% or -$0.74 on its low of $2.81 reached on 08/18/23. The company’s shares have touched a 52-week low of $2.05 and high of $4.20, with the stock’s rally to the 52-week high happening on 04/13/23. YTD, FSM has lost -22.40% or -$0.84 and has reached a new high 5 times. However, the current price is down -30.71% from the 52-week high price.
Valuation Metrics
FSM stock has a beta of 1.37.
The trailing 12-month EBITDA margin is 37.83%. The firm’s gross profit as reported stood at -$113.55 million against revenue of $681.49 million.
Earnings Surprise
For the quarterly period ending June 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 $0.04 per share in earnings in its latest quarter, but it posted $0.01, representing a -75.00% surprise. EBITDA for the quarter stood at more than $47.64 million. FSM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 686.02 million, with total debt at $338.83 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 22 August was 33.31% to suggest the stock is trending Neutral, with historical volatility in this time period at 65.03%.
The stock’s 5-day moving average is $2.88, reflecting a -0.68% or -$0.02 change from its current price. FSM is currently trading -20.27% above its 20-day SMA, -21.14% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -16.62% and SMA200 by+9.40%.
Stochastic %K and %D was 14.25% and 9.81% and the average true range (ATR) pointed at 0.11. The RSI (14) points at 35.66%, while the 14-day stochastic is at 16.81% with the period’s ATR at 0.12. The stock’s 9-day MACD Oscillator is pointing at -0.02 and -0.15 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for FSM stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate FSM as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 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 $3.73 and a high of $5.22, with their median price target at $4.29. Looking at these predictions, the average price target given by analysts is for Fortuna Silver Mines Inc. (FSM) stock is $4.52.
