Fortuna Silver Mines Inc. (NYSE: FSM) is -27.06% lower on its value in year-to-date trading and has touched a low of $2.02 and a high of $9.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FSM stock was last observed hovering at around $6.29 in the last trading session, with the day’s loss setting it -0.28% off its average median price target of $8.35 for the next 12 months. It is also 43.14% off the consensus price target high of $10.57 offered by 7 analysts, but current levels are 19.87% higher than the price target low of $7.50 for the same period.
Currently trading at $6.01, the stock is -13.69% and -18.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.61 million and changing -4.45% at the moment leaves the stock -11.65% off its SMA200. FSM registered 167.11% gain for a year compared to 6-month gain of -5.35%. The firm has a 50-day simple moving average (SMA 50) of $7.27 and a 200-day simple moving average (SMA200) of $7.20.
The stock witnessed a -16.30% loss in the last 1 month and extending the period to 3 months gives it a -21.44%, and is -10.03% down 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 4.41% over the week and 4.89% over the month.
Current P/E ratio is 50.08 and Fwd P/E is 18.21. Distance from 52-week low is 197.52% and -38.98% 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 05/11/2021 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
207 institutions hold shares in Fortuna Silver Mines Inc. (FSM), with 1.44M shares held by insiders accounting for 0.78% while institutional investors hold 39.70% of the company’s shares. The shares outstanding are 184.20M, and float is at 181.46M with Short Float at 5.72%. Institutions hold 39.39% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 21.22 million shares valued at $174.85 million. The investor’s holdings represent 11.52% of the FSM Shares outstanding. As of Dec 30, 2020, the second largest holder is Jupiter Asset Management Limited with 3.83 million shares valued at $31.56 million to account for 2.08% of the shares outstanding. The other top investors are Mirae Asset Global Investments Co., Ltd. which holds 3.72 million shares representing 2.02% and valued at over $30.63 million, while Euro Pacific Asset Management, LLC holds 1.67% of the shares totaling 3.08 million with a market value of $25.42 million.
Fortuna Silver Mines Inc. (FSM): Who are the competitors?
The company’s main competitors (and peers) include Seabridge Gold Inc. (SA) that is 54.33% higher over the past 12 months. Short interest in the company’s stock has risen 11.46% from the last report on Feb 11, 2021 to stand at a total of 9.19 million short shares sold with a short interest ratio of 2.83.