The stock of Fortuna Silver Mines Inc. (NYSE:FSM) increased by $0.09 on Tuesday to finish at $3.15, up 2.94 percent. The last five days have seen an average of 2,703,180 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$0.60. The average number of shares traded over the last 20 days was 2,833,255, while the average volume over the last 50 days totaled 2,691,902.
FSM stock dropped -11.27% since last month. On 08/18/23, the company’s shares reached a one-month low of $2.81. The stock touched a high of $4.20 on 04/13/23, after rallying from a low of $2.05 in 52 weeks. The price of FSM stock has declined by -16.00% or -$0.60 this year, reaching a new high 5 times. Still, the stock price is down -25.00% from the 52-week high.
Financial Health
Based on annual data, it had gross profit of -$113.55 million and revenue of $681.49 million.
Earnings Surprise
According to Fortuna Silver Mines Inc.’s quarterly financial report for the quarter that ended June 29. A lower 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 $0.01, but it ended up being $0.04, beating the consensus by -75.00%. EBITDA was $47.64 million for the quarter. At the end of Fortuna Silver Mines Inc.’s most recent quarter ended June 29, its liabilities totaled 686.02 million, while its total debt was $338.83 million.
Technical Picture
Here’s a quick look at Fortuna Silver Mines Inc.’s (FSM) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 57.87%, suggesting the stock is Neutral, with a 24.62% historical volatility rate.
The stochastic %K and %D were 54.08% and 44.43% respectively, while the average true range (ATR) was 0.12. Based on the 14-day stochastic reading of 79.07%, the RSI (14) reading is 51.03%. On the 9-day MACD Oscillator, the stock is at 0.09, and the 14-day reading is at 0.10.
Analyst Ratings
Analysts have assigned Fortuna Silver Mines Inc. (FSM) an Hold rating. FSM is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other 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 $3.73 and $5.22, with a median target price of $4.29. In analyzing these forecasts, the average price target given by analysts for Fortuna Silver Mines Inc. (FSM) is $4.46.
