Fortuna Silver Mines Inc. (NYSE: FSM) is -8.80% lower on its value in year-to-date trading and has touched a low of $2.05 and a high of $4.20 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 $3.43 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $4.83 for the next 12 months. It is also 36.43% off the consensus price target high of $5.38 offered by 5 analysts, but current levels are 8.06% higher than the price target low of $3.72 for the same period.
Currently trading at $3.42, the stock is -6.49% and -7.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing -0.29% at the moment leaves the stock 3.83% off its SMA200. FSM registered 0.59% gain for a year compared to 6-month gain of -0.87%. The firm has a 50-day simple moving average (SMA 50) of $1.72 and a 200-day simple moving average (SMA200) of $22.91.
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The stock witnessed a -8.06% loss in the last 1 month and extending the period to 3 months gives it a 4.59%, and is -4.74% 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 2.98% over the week and 3.63% over the month.
Fwd P/E is 7.95. Distance from 52-week low is 66.83% and -18.57% 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”. 5 analysts offering their recommendations for the stock, where 3 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 08/09/2023.The EPS is expected to grow by 133.30% this year.
Fortuna Silver Mines Inc. (FSM) Top Institutional Holders
The shares outstanding are 290.69M, and float is at 286.21M with Short Float at 1.25%.
Fortuna Silver Mines Inc. (FSM): Who are the competitors?
The company’s main competitors (and peers) include Seabridge Gold Inc. (SA) that is -2.05% lower over the past 12 months.