So Far This Year, Fortuna Silver Mines Inc. (FSM) Reached A New High 4 times

As of Wednesday close, Fortuna Silver Mines Inc.’s (NYSE:FSM) stock was down -$0.12, moving down -3.40 percent to $3.41. The average number of shares traded per day over the past five days has been 4,559,040 shares. 4 times new highs have been achieved over the past 5 days, with a $0.25 gain in that time frame. In the last twenty days, the average volume was 3,007,735, while in the previous 50 days, it was 3,873,436.

Since last month, FSM stock retreated -0.87%. Shares of the company fell to $3.10 on 03/09/23, the lowest level in the past month. A 52-week high of $4.56 was reached on 01/26/23 after having rallying from a 52-week low of $2.05. Since the beginning of this year, FSM’s stock price has dropped by -9.07% or -$0.34, and marked a new high 4 times. However, the stock has declined by -25.22% since its 52-week high.

Valuation Metrics

Right now, Fortuna Silver Mines Inc. (FSM) has a P/E ratio of about 28.42. Besides these, the trailing price-to-sales (P/S) ratio of 1.38, the price-to-book (PB) ratio of 0.71.

Financial Health

Based on annual data, FSM earned $136.88 million in gross profit and brought in $599.85 million in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FSM’s revenue fell -2.38% during the quarter, while net income inched up to $257.19 million. While analysts expected Fortuna Silver Mines Inc. to report $0.03 quarterly earnings, the actual figure was $0.01 per share, beating the consensus estimate by -66.70%. During the quarter, the company generated $52.56 million in EBITDA. The liabilities of Fortuna Silver Mines Inc. were 592.75 million at the end of its most recent quarter ended September 29, and its total debt was $228.25 million.

Technical Picture

This quick technical analysis looks at Fortuna Silver Mines Inc.’s (FSM) price momentum. With a historical volatility rate of 65.79%, the RSI 9-day stood at 53.78% on 15 March.

With respect to its five-day moving average, the current Fortuna Silver Mines Inc. price is up by +7.91% percent or $0.25. At present, FSM shares trade -2.85% below its 20-day simple moving average and +32.17% percent above its 100-day simple moving average. However, the stock is currently trading approximately -9.07% below its SMA50 and -1.16% below its SMA200.

Stochastic coefficient K was 80.29% and Stochastic coefficient D was 63.17%, while ATR was 0.17. Given the Stochastic reading of 59.67% for the 14-day period, the RSI (14) reading has been calculated as 50.45%. As of today, the MACD Oscillator reading stands at 0.16, while the 14-day reading stands at 0.18.

Analyst Ratings

Canaccord Genuity upgraded its rating on Fortuna Silver Mines Inc. (NYSE: FSM) to a Buy in a note to investors on January 18, 2022. The analysts firm previously had a Hold rating on the stock.Fortuna Silver Mines Inc. (FSM) has been rated Overweight by analysts. According to 0 brokerage firms, FSM is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Fortuna Silver Mines Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $4.46, the current consensus forecast for the stock is $3.72 – $4.72. Based on these forecasts, analysts predict Fortuna Silver Mines Inc. (FSM) will achieve an average price target of $4.35.

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