The trading price of Fortuna Silver Mines Inc. (NYSE:FSM) closed lower on Tuesday, July 20, closing at $4.33, -5.66% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $4.31 and $4.69. The company’s P/E ratio in the trailing 12-month period was 15.46, while its 5Y monthly beta was 1.16. In examining the 52-week price action we see that the stock hit a 52-week high of $9.85 and a 52-week low of $4.54. Over the past month, the stock has lost -25.86% in value.
Fortuna Silver Mines Inc., whose market valuation is $802.42 million at the time of this writing, is expected to release its quarterly earnings report May 10, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.1 per share this quarter, however they have predicted annual earnings per share of $0.34 for 2017 and $0.33 for 2018. It means analysts are expecting annual earnings per share growth of 161.50% this year and -2.90% next year.
Analysts have forecast the company to bring in revenue of $67 million for the current quarter, with the likely lows of $60 million and highs of $74 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2017 is $265.9 million. The company’s revenue is forecast to grow by 26.50% over what it did in 2017.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Fortuna Silver Mines Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest FSM has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned FSM a recommendation rating is 7. Out of them, 6 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Fortuna Silver Mines Inc. (FSM) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that FSM’s price is currently -19.21% off the SMA20 and -29.03% off the SMA50. The RSI metric on the 14-day chart is currently showing 19.76, and weekly volatility stands at 5.74%. When measured over the past 30 days, the indicator reaches 4.57%. Fortuna Silver Mines Inc. (NYSE:FSM)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.26. With analysts defining $4.71-$7.85 as the low and high price targets, we arrive at a consensus price target of $6.51 for the trailing 12-month period. The current price is about -8.78% off the estimated low and -81.29% off the forecast high, based on this estimate. Investors will be thrilled if FSM’s share price rises to $7.00, which is the median consensus price. At that level, FSM’s share price would be -61.66% below current price.
To see how Fortuna Silver Mines Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: FSM stock’s performance was -5.66% in the latest trading, and -25.98% in the past year. Another comparable company Seabridge Gold Inc. (SA) saw its stock close -0.47% lower in the most recent trading session but was down -11.95% in a year. Fortuna Silver Mines Inc. has a P/E ratio of 15.46. Also in last trading session, the S&P 500 Index has surged 1.52%, while the Dow Jones Industrial also saw a positive session, up 1.62% on the day.
An evaluation of the daily trading volume of Fortuna Silver Mines Inc. (NYSE:FSM) indicates that the 3-month average is 4.24 million. However, this figure has increased over the past 10 days to an average of 5.13 million.
Currently, records show that 185.32 million of the company’s shares remain outstanding. The insiders hold 0.96% of outstanding shares, whereas institutions hold 37.54%. The stats also highlight that short interest as of May 27, 2021, stood at 14.85 million shares, resulting in a short ratio of 3.31 at that time. From this, we can conclude that short interest is 8.01% of the company’s total outstanding shares. It is noteworthy that short shares in May were down slightly from the previous month’s figure, which was 15.57 million. However, since the stock’s price has seen -47.45% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.