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Fortuna Silver Mines Inc. (FSM) Has A Gold Mine On Its Hands

Fortuna Silver Mines Inc. (NYSE:FSM) concluded the trading at $3.69 on Wednesday, November 23 with a rise of 1.65% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $3.63 and 5Y monthly beta was reading 1.21 with its price kept floating in the range of $3.5619 and $3.69 on the day. Company’s P/E ratio for the trailing 12 months is 30.75. Considering stock’s 52-week price range provides that FSM hit a high price of $4.68 and saw its price falling to a low level of $2.05 during that period. Over a period of past 1-month, stock came adding 30.85% in its value.

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With its current market valuation of $1.07 billion, Fortuna Silver Mines Inc. is set to declare its quarterly results on Nov 10, 2022. Analysts are in estimates of $0.03 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $0.17 for 2022 with estimates of that growing to $0.25 in next year. These estimates are suggesting current year growth of -57.50% for EPS and 47.10% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $161.1 million. They suggested that in the process company could generate revenue of as low as $159 million which could climb up to $163.2 million to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $679.14 million in 2022, which will be 13.20% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with 1 upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review FSM stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 50% Buy for it.

Digging deeper we become aware of the PEG ratio of the FSM stock which is currently positioned at 0. It further provides that stock’s current price level is 17.05% away from its 20-day simple moving average and is 31.81% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 69.11 while volatility remained at 4.24% over the past week which changes to 5.43% when measuring it over the past month. Average true range or ATR is currently at 0.18. In predicting price targets of as low as $3.75 and as high as $4.50, analysts are in agreement on assigning the stock over the next 12 months average price target of $4.10. Stock’s current price level is -1.63% above from estimated low price target while it is -21.95% below the estimated high; and even if the FSM’s share succeeded to reach the median price of $4.12, then the outlook of -11.65% could come to the excitement of the investors.

In comparing Fortuna Silver Mines Inc. (FSM)’s stock with other industry players reveals that stock’s current price change of 1.65% and that of 0.82% over the past 12 months. Industry’s another major player Seabridge Gold Inc. (SA) has rise 1.76% up in previous session, but over the past year has faced a fall of -34.33% over the same period. Fortuna Silver Mines Inc. has a P/E ratio of 30.75 while Seabridge Gold Inc. is showing 154.88 for the same. On the other hand, the S&P 500 Index was up 0.59% in the last trading session while the Dow Jones Industrial closed the session higher at 0.28%.

Having a second look at Fortuna Silver Mines Inc. (NYSE:FSM) provides that stock’s average daily trading volume for 3 months was 4.90 million, while it jumped to 5.17 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 290.18 million.

The percentage of outstanding shares held by the insiders is 0.91% while it is 37.68% for the institutional holders. The figures also indicate that as of Oct 13, 2022, number of stock’s short shares was 13.0 million which implies a short ratio of 2.26. This shows down a 4.46% of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 14.93 million in the previous month. Subtraction of -5.38% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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