Report On Fortuna Silver Mines Inc.’s (FSM) Price Performance

The stock of Fortuna Silver Mines Inc. (NYSE:FSM) decreased by -$0.05 on Monday to finish at $3.94, down -1.25 percent. The last five days have seen an average of 4,155,100 shares of common stock traded. 4 times new highs were reached in the current year, with a gain of $0.19. The average number of shares traded over the last 20 days was 4,632,545, while the average volume over the last 50 days totaled 3,714,428.

FSM stock appreciated 27.10% since last month. On 03/16/23, the company’s shares reached a one-month low of $3.15. 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 risen by 5.07% or $0.19 this year, reaching a new high 4 times. Still, the stock price is down -13.60% 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 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 -$128.61 million for the quarter. At the end of Fortuna Silver Mines Inc.’s most recent quarter ended September 29, its liabilities totaled 587.53 million, while its total debt was $240.52 million.

Technical Picture

Here’s a quick look at Fortuna Silver Mines Inc.’s (FSM) price momentum from a technical perspective. As of 10 April, the RSI 9-day stood at 65.17%, suggesting the stock is Neutral, with a 34.83% historical volatility rate.

The stochastic %K and %D were 84.12% and 86.61% respectively, while the average true range (ATR) was 0.16. Based on the 14-day stochastic reading of 80.24%, the RSI (14) reading is 62.49%. On the 9-day MACD Oscillator, the stock is at 0.09, and the 14-day reading is at 0.24.

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 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 $3.64 and $4.68, with a median target price of $4.37. In analyzing these forecasts, the average price target given by analysts for Fortuna Silver Mines Inc. (FSM) is $4.24.

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