Fortuna Silver Mines Inc. (NYSE:FSM) traded at $6.39 at close of the session on Tuesday, May 04, made an upward move of 5.97% on its previous day’s price.
Looking at the stock we see that its previous close was $6.03 and the beta (5Y monthly) reads 0 with the day’s price range being $6.11 – 6.43. The company has a trailing 12-month PE ratio of 53.25. In terms of its 52-week price range, FSM has a high of $9.85 and a low of $2.86. The company’s stock has gained about -5.33% over that past 30 days.
Fortuna Silver Mines Inc. has a market cap of $1.18 Billion and is expected to release its quarterly earnings report on March 12, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the FSM stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.1, with the EPS growth for the year raised at $0.34 for 2021 and $0.33 for next year. These figures represent 1.62% and -0.03% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the FSM stock, short term indicators assign the stock an average of 25% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 6 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the Fortuna Silver Mines Inc. (FSM) stock as a Hold, while none rate it as a Buy. None analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the FSM stock currently stands at 0, and the current price level is -9.97% off its SMA20 and -10% from its 50-day simple moving average. The RSI (14) is pointing at 42.3 while the volatility over the past week is 5.33% and drops to 4.87% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 0.39. The average price target for the stock over the next 12 months is $7.77, with the estimates having a low of $6.66 and a high of $9. These price ends are 4.23% and +40.85% off the current price level respectively, although investors could be excited at the prospect of a +22.54% if the FSM share price touches on the median price of $7.83.
Let’s briefly compare Fortuna Silver Mines Inc. (FSM) stock to its peers. We find that current price change of +5.97% and +104.15% over the past 12 months for FSM betters that of Pan Amer Silver Corp (PAAS), which has seen its stock price rise 5.59% in the last trading session and was +54.2% over the last one year. Another of its peers First Majestic Silver (AG) has climbed 6.03% previous session, and was +92.31% up over the past year, while Hecla Mining Company (HL) was also up 5.97% in the last session, while its price remained in the green at 104.15% over the same period. Fortuna Silver Mines Inc. has a P/E ratio of 53.25 compared to Pan Amer Silver Corp’s 39.76 and First Majestic Silver’s 148.15. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.27% and 0.7%, respectively, at close of the trading.
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Coming back to Fortuna Silver Mines Inc. (NYSE:FSM), we note that the average 3-month trading volume was 3.91 Million, while that of the preceding 10-day period stands at 3.61 Million. Current shares outstanding are 184.2 Million.
According to data from Thomson Reuters, insiders hold 0.8% of the company’s shares while institutions hold 38.93%. The data shows that short shares as of April 14, 2021, stood at 8.53 Million at a short ratio of 3.26. This represents a 4.63% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 10.38 Million. Investors should be worried about this stock as its upside potential is weak, with current price pushing the stock -22.45% down in year-to-date price movement.