What Fortuna Silver Mines Inc. (FSM) Insiders Are Up To

Fortuna Silver Mines Inc. (NYSE:FSM) finished Wednesday with a subtraction of -$0.03 to close at $3.59, a downside of -0.83 percent. An average of 3,851,380 shares of common stock have been traded in the last five days. There was a fall of -$0.41 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 4,564,715 shares traded, while the 50-day average volume stands at 4,855,808.

FSM stock has decreased by -0.83% in the last month. The company shares reached their 1-month lowest point of $3.46 on 01/19/23. With the stock rallying to its 52-week high on 01/26/23, shares of the company touched a low of $2.05 and a high of $4.68 in 52 weeks. It has reached a new high 4 times so far this year and lost -4.27% or -$0.16 in price. In spite of this, the price is down -23.21% from the 52-week high.

Valuation Metrics

Fortuna Silver Mines Inc. (FSM) has a trailing price-to-earnings (P/E) ratio of 27.62. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.46, the price-to-book (PB) ratio at 0.75.

Financial Health

Its gross profit as reported stood at $136.88 million compared to revenue of $599.85 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 $0.03 per share, but it turned out to be $0.01, a -66.70% surprise. For the quarter, EBITDA amounted to $52.56 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 08 February was 38.48%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.23%.

As of today, FSM’s price is $3.69 -10.25% or -$0.41 from its 5-day moving average. FSM is currently trading -2.71% lower than its 20-day SMA and +54.74% higher than its 100-day SMA. However, the stock’s current price level is -1.10% below the SMA50 and -5.28% below the SMA200.

The stochastic %K and %D were 15.77% and 26.28%, respectively, and the average true range (ATR) was 0.18. With the 14-day stochastic at 5.43% and the average true range at 0.18, the RSI (14) stands at 43.41%. The stock has reached -0.18 on the 9-day MACD Oscillator while the 14-day reading was at -0.24.

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 Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FSM, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 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 $3.72 and $4.87, with a median target of $4.55. Taking a look at these predictions, the average price target given by analysts for Fortuna Silver Mines Inc. (FSM) stock is $4.37.

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