Fortuna Silver Mines Inc. (FSM) Stock Could Soon Reward Patient Investors

Fortuna Silver Mines Inc. (NYSE: FSM) is 13.23% higher on its value in year-to-date trading and has touched a low of $1.47 and a high of $9.69 in the current 52-week trading range. The FSM stock was last observed hovering at around $9.33 in the last trading session, with the day’s loss setting it -0.65% off its average median price target of $8.42 for the next 12 months. It is also 7.86% off the consensus price target high of $9.42 offered by 7 analysts, but current levels are -33.54% lower than the price target low of $6.50 for the same period.

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Currently trading at $8.68, the stock is 12.78% and 21.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.59 million and changing -6.97% at the moment leaves the stock 53.42% off its SMA200. FSM registered 146.17% gain for a year compared to 6-month gain of 84.02%. The firm has a 50-day simple moving average (SMA 50) of $7.22 and a 200-day simple moving average (SMA200) of $6.66.

The stock witnessed a 36.60% loss in the last 1 month and extending the period to 3 months gives it a 49.28%, and is 13.09% 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 6.16% over the week and 5.09% over the month.

Fortuna Silver Mines Inc. (FSM) has around 1232 employees, a market worth around $1.72B and $244.44M in sales. Current P/E ratio is 77.11 and Fwd P/E is 28.27. Distance from 52-week low is 490.48% and -10.42% 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 5 rate it as a Hold and 0 think it is a “Overweight”. 2 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 05/12/2021 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 161.50% this year, but quarterly earnings will post 26.50% year-over-year.

Fortuna Silver Mines Inc. (FSM) Top Institutional Holders

186 institutions hold shares in Fortuna Silver Mines Inc. (FSM), with 1.49M shares held by insiders accounting for 0.81% while institutional investors hold 40.34% of the company’s shares. The shares outstanding are 184.20M, and float is at 182.28M with Short Float at 6.10%. Institutions hold 40.01% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 20.23 million shares valued at $128.68 million. The investor’s holdings represent 10.98% of the FSM Shares outstanding. As of Sep 29, 2020, the second largest holder is Mirae Asset Global Investments Co., Ltd. with 3.91 million shares valued at $24.86 million to account for 2.12% of the shares outstanding. The other top investors are Jupiter Asset Management Limited which holds 3.88 million shares representing 2.11% and valued at over $24.66 million, while Euro Pacific Asset Management, LLC holds 1.71% of the shares totaling 3.14 million with a market value of $20.0 million.

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Fortuna Silver Mines Inc. (FSM): Who are the competitors?

The company’s main competitors (and peers) include Seabridge Gold Inc. (SA) that is 76.91% higher over the past 12 months. Short interest in the company’s stock has risen 17.28% from the last report on Nov 12, 2020 to stand at a total of 9.19 million short shares sold with a short interest ratio of 3.77.

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