The Price Target For Fortuna Silver Mines Inc. (FSM)?

Fortuna Silver Mines Inc. (NYSE:FSM) finished Thursday with a subtraction of -$0.01 to close at $3.79, a downside of -0.26 percent. An average of 2,919,280 shares of common stock have been traded in the last five days. There was a fall of -$0.32 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 3,764,460 shares traded, while the 50-day average volume stands at 3,571,496.

FSM stock has increased by 14.50% in the last month. The company shares reached their 1-month lowest point of $3.25 on 03/21/23. With the stock rallying to its 52-week high on 04/13/23, shares of the company touched a low of $2.05 and a high of $4.28 in 52 weeks. It has reached a new high 5 times so far this year and achieved 1.07% or $0.04 in price. In spite of this, the price is down -11.45% from the 52-week high.

Valuation Metrics

Fortuna Silver Mines Inc. (FSM) has a trailing price-to-sales (P/S) ratio at 1.61, the price-to-book (PB) ratio at 0.88.

Financial Health

Fortuna Silver Mines Inc.’s EBITDA margin for the year ending December 30 is 37.83%. Its gross profit as reported stood at -$113.55 million compared to revenue of $681.49 million.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $23.8 million in the quarter, while revenues were shrunk -42.82%. The analyst consensus anticipated Fortuna Silver Mines Inc.’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.02, a 0.00% surprise. For the quarter, EBITDA amounted to -$128.61 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Fortuna Silver Mines Inc. (FSM) price momentum. RSI 9-day as of the close on 20 April was 45.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.06%.

As of today, FSM’s price is $3.86 -7.79% or -$0.32 from its 5-day moving average. FSM is currently trading +12.46% higher than its 20-day SMA and +2.71% higher than its 100-day SMA. However, the stock’s current price level is +4.70% above the SMA50 and +42.48% above the SMA200.

The stochastic %K and %D were 22.56% and 35.76%, respectively, and the average true range (ATR) was 0.16. With the 14-day stochastic at 12.77% and the average true range at 0.16, the RSI (14) stands at 50.94%. The stock has reached -0.11 on the 9-day MACD Oscillator while the 14-day reading was at -0.12.

Analyst Ratings

Canaccord Genuity upgraded Fortuna Silver Mines Inc. (NYSE: FSM) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Fortuna Silver Mines Inc. (FSM) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FSM, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is FSM’s price target for the next 12 months?

Analysts predict a range of price targets between $3.71 and $5.24, with a median target of $4.65. Taking a look at these predictions, the average price target given by analysts for Fortuna Silver Mines Inc. (FSM) stock is $4.54.

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