Fortuna Silver Mines Inc. (NYSE:FSM) finished Friday with a subtraction of -$0.05 to close at $2.98, a downside of -1.65 percent. An average of 2,328,060 shares of common stock have been traded in the last five days. There was a gain of $0.12 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 2,720,100 shares traded, while the 50-day average volume stands at 2,699,100.
FSM stock has decreased by -13.37% in the last month. The company shares reached their 1-month lowest point of $2.81 on 08/18/23. With the stock rallying to its 52-week high on 04/13/23, shares of the company touched a low of $2.05 and a high of $4.20 in 52 weeks. It has reached a new high 5 times so far this year and lost -20.53% or -$0.77 in price. In spite of this, the price is down -29.05% from the 52-week high.
Financial Health
Fortuna Silver Mines Inc.’s EBITDA margin for the year ending June 29 is 37.83%. Its gross profit as reported stood at -$113.55 million compared to revenue of $681.49 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 $0.04 per share, but it turned out to be $0.01, a -75.00% surprise. For the quarter, EBITDA amounted to $47.64 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 25 August was 42.02%, suggesting the stock is Neutral, with historical volatility in this time frame at 31.37%.
As of today, FSM’s price is $2.97 +4.20% or $0.12 from its 5-day moving average. FSM is currently trading -13.87% lower than its 20-day SMA and -23.59% lower than its 100-day SMA. However, the stock’s current price level is -10.24% below the SMA50 and +0.68% above the SMA200.
The stochastic %K and %D were 37.23% and 30.79%, respectively, and the average true range (ATR) was 0.12. With the 14-day stochastic at 33.66% and the average true range at 0.12, the RSI (14) stands at 40.96%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at 0.02.
Analyst Ratings
The consensus rating for Fortuna Silver Mines Inc. (FSM) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FSM, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 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 $3.73 and $5.22, with a median target of $4.29. Taking a look at these predictions, the average price target given by analysts for Fortuna Silver Mines Inc. (FSM) stock is $4.46.
