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Fortuna Silver Mines Inc. (NYSE: FSM): Is It Stable And Growing?

Fortuna Silver Mines Inc. (NYSE:FSM) shares, rose in value on Friday, May 13, with the stock price up by 12.09% to the previous day’s close as strong demand from buyers drove the stock to $3.06.

Actively observing the price movement in the recent trading, the stock is buoying the session at $2.73, falling within a range of $2.66 and $2.94. The value of beta (5-year monthly) is 1.25 whereas the PE ratio is 9.65 over 12-month period. Referring to stock’s 52-week performance, its high was $7.22, and the low was $2.66. On the whole, FSM has fluctuated by -35.46% over the past month.

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With the market capitalization of Fortuna Silver Mines Inc. currently standing at about $796.17 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 08, 2022 – Mar 14, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.13, which is expected to increase to $0.14 for fiscal year $0.46 and then to about $0.61 by fiscal year 2022.

Analysts have estimated the company’s revenue for the quarter at $181.3 million, with a low estimate of $178 million and a high estimate of $184.6 million.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that FSM’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FSM currently trading nearly -14.23% and -20.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.41, while the 7-day volatility ratio is showing 8.06% which for the 30-day chart, stands at 6.16%. Furthermore, Fortuna Silver Mines Inc. (FSM)’s average true range (ATR) is 0.22.

A comparison of Fortuna Silver Mines Inc. (FSM) with its peers suggests the former has fared considerably weaker in the market. FSM showed an intraday change of 12.09% in today’s session so far, and over the past year, it shrunk by -55.10%%. On the other hand, the price of Seabridge Gold Inc. (SA) has risen 3.35% today. The stock, however, is off -19.32% from where it was a year ago. The PE ratio stands at 9.65 for Fortuna Silver Mines Inc., and 1753.75 for Seabridge Gold Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 2.27%. Meanwhile, the Dow Jones Industrial Improved by 1.41%.

Data on historical trading for Fortuna Silver Mines Inc. (NYSE:FSM) indicates that the trading volumes over the past 10 days have averaged 6.68 million and over the past 3 months, they’ve averaged 6.34 million. According to company’s latest data on outstanding shares, there are 291.64 million shares outstanding.

Nearly 0.63% of Fortuna Silver Mines Inc.’s shares belong to company insiders and institutional investors own 34.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.8 million shares as on Feb 14, 2022, resulting in a short ratio of 2.2. According to the data, the short interest in Fortuna Silver Mines Inc. (FSM) stood at 3.36% of shares outstanding as of Feb 14, 2022; the number of short shares registered in Jan 13, 2022 reached 10.61 million. The stock has fallen by -30.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FSM stock heading into the next quarter.

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