Do You Think It Is A Good Idea To Invest In Fortuna Silver Mines Inc. (FSM)?

The stock of Fortuna Silver Mines Inc. (NYSE:FSM) increased by $0.31 on Monday to $3.49, up 9.75 percent. The last five days have seen an average of 2,701,452 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$0.24. The average number of shares traded over the last 20 days was 2,618,938, while the average volume over the last 50 days totaled 3,718,865.

FSM stock dropped -0.85% since last month. On 03/09/23, the company’s shares reached a one-month low of $3.10. The stock touched a high of $4.56 on 01/26/23, after rallying from a low of $2.05 in 52 weeks. The price of FSM stock has declined by -6.93% or -$0.24 this year, reaching a new high 4 times. Still, the stock price is down -23.46% from the 52-week high.

Valuation Metrics

Fortuna Silver Mines Inc. (FSM) has a trailing price-to-earnings (P/E) ratio of 26.50. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.29, the price-to-book (PB) ratio of 0.66.

Financial Health

Based on annual data, it had gross profit of $136.88 million and revenue of $599.85 million.

Earnings Surprise

According to Fortuna Silver Mines Inc.’s quarterly financial report for the quarter that ended September 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 $0.03, beating the consensus by -66.70%. EBITDA was $52.56 million for the quarter. At the end of Fortuna Silver Mines Inc.’s most recent quarter ended September 29, its liabilities totaled 592.75 million, while its total debt was $228.25 million.

Technical Picture

Here’s a quick look at Fortuna Silver Mines Inc.’s (FSM) price momentum from a technical perspective. As of 10 March, the RSI 9-day stood at 61.83%, suggesting the stock is Neutral, with a 64.33% historical volatility rate.

The stochastic %K and %D were 43.67% and 29.32% respectively, while the average true range (ATR) was 0.16. Based on the 14-day stochastic reading of 95.35%, the RSI (14) reading is 55.17%. On the 9-day MACD Oscillator, the stock is at -0.02.

Analyst Ratings

In its most recent analyst report, Canaccord Genuity raised its rating on Fortuna Silver Mines Inc. (NYSE: FSM) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Fortuna Silver Mines Inc. (FSM) an Overweight rating. FSM is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others 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 $3.72 and $4.87, with a median target price of $4.46. In analyzing these forecasts, the average price target given by analysts for Fortuna Silver Mines Inc. (FSM) is $4.41.

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