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

Fortuna Silver Mines Inc. (NYSE: FSM) is 2.40% higher on its value in year-to-date trading and has touched a low of $2.05 and a high of $4.68 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FSM stock was last observed hovering at around $3.80 in the last trading session, with the day’s gains setting it 0.04% off its average median price target of $4.37 for the next 12 months. It is also 23.81% off the consensus price target high of $5.04 offered by 7 analysts, but current levels are 1.03% higher than the price target low of $3.88 for the same period.

Currently trading at $3.84, the stock is 3.23% and 4.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.11 million and changing 1.05% at the moment leaves the stock 22.58% off its SMA200. FSM registered 4.63% gain for a year compared to 6-month gain of 52.99%.

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The stock witnessed a -1.03% loss in the last 1 month and extending the period to 3 months gives it a 35.21%, and is 8.47% 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 5.13% over the week and 4.53% over the month.

Current P/E ratio is 29.54 and Fwd P/E is 20.21. Distance from 52-week low is 87.32% and -17.86% 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, where 3 rate it as a Hold and 0 think it is a “Overweight”. 4 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 05/10/2023.The EPS is expected to shrink by -65.00% this year.

Fortuna Silver Mines Inc. (FSM) Top Institutional Holders

The shares outstanding are 290.18M, and float is at 286.38M with Short Float at 1.87%.

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

The company’s main competitors (and peers) include Seabridge Gold Inc. (SA) that is -17.43% lower over the past 12 months.

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