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Is Fortuna Silver Mines Inc. (FSM) a good stock to buy now?

Fortuna Silver Mines Inc. (NYSE: FSM) is -0.78% lower on its value in year-to-date trading and has touched a low of $2.58 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 $3.73 in the last trading session, with the day’s gains setting it 0.1%.

Currently trading at $3.83, the stock is 14.69% and 23.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.59 million and changing 2.68% at the moment leaves the stock 18.77% off its SMA200. FSM registered 3.79% gain for a year compared to 6-month loss of 40.29%. The firm has a 50-day simple moving average (SMA 50) of $1.51 and a 200-day simple moving average (SMA200) of $5.51.

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The stock witnessed a 41.33% gain in the last 1 month and extending the period to 3 months gives it a -1.54%, and is 12.98% 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 3.83% over the week and 4.96% over the month.

Fwd P/E is 11.18. Profit margin for the company is -6.03%. Distance from 52-week low is 48.45% and -8.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.52%).

Fortuna Silver Mines Inc. quarterly earnings per share for the current quarter are estimated at $0.06.The EPS is expected to grow by 39.54% this year, but quarterly earnings will post 6.00% year-over-year.

Fortuna Silver Mines Inc. (FSM) Top Institutional Holders

251 institutions hold shares in Fortuna Silver Mines Inc. (FSM), with institutional investors hold 44.84% of the company’s shares. The shares outstanding are 306.59M, and float is at 303.08M with Short Float at 1.71%. Institutions hold 44.49% of the Float.

The top institutional shareholder in the company is Van Eck Associates Corporation with over 29.9 million shares valued at $96.88 million. The investor’s holdings represent 9.76% of the FSM Shares outstanding. As of Jun 29, 2023, the second largest holder is Mirae Asset Global Investments Co., Ltd. with 7.27 million shares valued at $23.54 million to account for 2.37% of the shares outstanding. The other top investors are Euro Pacific Asset Management, LLC which holds 4.48 million shares representing 1.46% and valued at over $14.51 million, while Dimensional Fund Advisors LP holds 1.41% of the shares totaling 4.34 million with a market value of $14.05 million.

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