Fortuna Silver Mines Inc. (NYSE: FSM) is 60.54% higher on its value in year-to-date trading and has touched a low of $1.47 and a high of $7.35 in the current 52-week trading range. The FSM stock was last observed hovering at around $6.60 in the last trading session, with the day’s loss setting it -0.05% off its average median price target of $7.93 for the next 12 months. It is also 23.12% off the consensus price target high of $8.52 offered by 7 analysts, but current levels are -0.92% lower than the price target low of $6.49 for the same period.
Currently trading at $6.55, the stock is 0.46% and 12.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.27 million and changing -0.76% at the moment leaves the stock 63.76% off its SMA200. FSM registered 53.40% gain for a year compared to 6-month gain of 122.03%. The firm has a 50-day simple moving average (SMA 50) of $6.22 and a 200-day simple moving average (SMA200) of $4.17.
The stock witnessed a -5.07% loss in the last 1 month and extending the period to 3 months gives it a 45.88%, and is 0.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.35% over the week and 5.45% over the month.
Current P/E ratio is 6550.00 and Fwd P/E is 19.26. Distance from 52-week low is 345.58% and -10.88% from its 52-week high.
Fortuna Silver Mines Inc. (FSM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Fortuna Silver Mines Inc. (FSM) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 3.00, where 4 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Fortuna Silver Mines Inc. is expected to release its quarterly report on 11/04/2020 and quarterly earnings per share for the current quarter are estimated at $0.1 with sales reaching $67M over the same period. The EPS is expected to grow by 169.20% this year, but quarterly earnings will post 26.50% year-over-year.
Fortuna Silver Mines Inc. (FSM) Top Institutional Holders
165 institutions hold shares in Fortuna Silver Mines Inc. (FSM), with 1.3M shares held by insiders accounting for 0.71% while institutional investors hold 50.27% of the company’s shares. The shares outstanding are 183.79M, and float is at 181.88M with Short Float at 4.52%. Institutions hold 49.92% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 19.58 million shares valued at $99.66 million. The investor’s holdings represent 10.64% of the FSM Shares outstanding. As of Jun 29, 2020, the second largest holder is Renaissance Technologies, LLC with 6.29 million shares valued at $32.0 million to account for 3.42% of the shares outstanding. The other top investors are Ruffer LLP which holds 4.58 million shares representing 2.49% and valued at over $23.31 million, while Merian Global Investors (UK) Ltd. holds 2.18% of the shares totaling 4.0 million with a market value of $20.37 million.
Fortuna Silver Mines Inc. (FSM): Who are the competitors?
Seabridge Gold Inc. (SA) is 15.09% up on the 1-year trading charts. Short interest in the company’s stock has risen 10.07% from the last report on Jul 14, 2020 to stand at a total of 8.22 million short shares sold with a short interest ratio of 1.92.