Fortuna Silver Mines Inc. (FSM) touched a new high 1 time within the past 5 days.

Fortuna Silver Mines Inc. (NYSE:FSM) saw an upside of 1.27% to close Monday at $3.18 after adding $0.04 on the day. The 5-day average trading volume is 2,370,900 shares of the company’s common stock. It has gained $3.33 in the past week and touched a new high 1 time within the past 5 days. An average of 2,542,850 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,748,474.

FSM’s 1-month performance is -8.62% or -$0.31 on its low of $3.05 reached on 06/22/23. 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 -15.20% or -$0.57 and has reached a new high 5 times. However, the current price is down -24.29% from the 52-week high price.

Valuation Metrics

FSM stock has a beta of 1.31. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.37 while the price-to-book (PB) in the most recent quarter is 0.74.

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 March 30 this year, Net income and sales went up 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 $0.01 per share in earnings in its latest quarter, but it posted $0.05, representing a 400.00% surprise. EBITDA for the quarter stood at more than $68.1 million. FSM stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 645.84 million, with total debt at $296.0 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 10 July was 46.72% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.74%.

The stock’s 5-day moving average is $3.18, reflecting a -1.85% or -$0.06 change from its current price. FSM is currently trading -10.42% above its 20-day SMA, -7.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.05% and SMA200 by+36.48%.

Stochastic %K and %D was 28.81% and 29.08% and the average true range (ATR) pointed at 0.11. The RSI (14) points at 44.47%, while the 14-day stochastic is at 46.43% with the period’s ATR at 0.12. The stock’s 9-day MACD Oscillator is pointing at -0.04 and -0.01 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 $5.38, with their median price target at $4.42. Looking at these predictions, the average price target given by analysts is for Fortuna Silver Mines Inc. (FSM) stock is $4.53.

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