Fortuna Silver Mines Inc. [FSM] Revenue clocked in at $504.42 million, down -6.92% YTD: What’s Next?

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Fortuna Silver Mines Inc. [NYSE: FSM] price plunged by -4.22 percent to reach at -$0.16. The company report on April 11, 2022 that Fortuna Reports Production of 103,098 Gold Equivalent Ounces for the First Quarter of 2022.

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Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reports production results for the first quarter of 2022 from its four operating mines in the Americas and West Africa.

A sum of 7794717 shares traded at recent session while its average daily volume was at 5.83M shares. Fortuna Silver Mines Inc. shares reached a high of $3.70 and dropped to a low of $3.48 until finishing in the latest session at $3.63.

Guru’s Opinion on Fortuna Silver Mines Inc. [FSM]:

Canaccord Genuity have made an estimate for Fortuna Silver Mines Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 18, 2022. The new note on the price target was released on November 12, 2021, representing the official price target for Fortuna Silver Mines Inc. stock.

The Average True Range (ATR) for Fortuna Silver Mines Inc. is set at 0.21, with the Price to Sales ratio for FSM stock in the period of the last 12 months amounting to 2.10. The Price to Book ratio for the last quarter was 0.78.

FSM Stock Performance Analysis:

Fortuna Silver Mines Inc. [FSM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.55. With this latest performance, FSM shares dropped by -6.92% in over the last four-week period, additionally sinking by -26.07% over the last 6 months – not to mention a drop of -43.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FSM stock in for the last two-week period is set at 36.92, with the RSI for the last a single of trading hit 29.64, and the three-weeks RSI is set at 41.37 for Fortuna Silver Mines Inc. [FSM]. The present Moving Average for the last 50 days of trading for this stock 3.98, while it was recorded at 3.98 for the last single week of trading, and 4.08 for the last 200 days.

Insight into Fortuna Silver Mines Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Fortuna Silver Mines Inc. [FSM] shares currently have an operating margin of +26.13 and a Gross Margin at +33.56. Fortuna Silver Mines Inc.’s Net Margin is presently recorded at +9.60.

Return on Equity for this stock inclined to 5.45, with Return on Assets sitting at 3.72.

Fortuna Silver Mines Inc. [FSM] Insider Position Details

There are presently around $299 million, or 34.44% of FSM stock, in the hands of institutional investors. The top three institutional holders of FSM stocks are: VAN ECK ASSOCIATES CORP with ownership of 29,354,011, which is approximately -7.328% of the company’s market cap and around 0.63% of the total institutional ownership; MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., holding 6,250,857 shares of the stock with an approximate value of $23.69 million in FSM stocks shares; and RUFFER LLP, currently with $15.33 million in FSM stock with ownership of nearly -6.909% of the company’s market capitalization.

Positions in Fortuna Silver Mines Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 63 institutional holders increased their position in Fortuna Silver Mines Inc. [NYSE:FSM] by around 12,348,410 shares. Additionally, 78 investors decreased positions by around 9,591,542 shares, while 25 investors held positions by with 56,873,868 shares. The mentioned changes placed institutional holdings at 78,813,820 shares, according to the latest SEC report filing. FSM stock had 27 new institutional investments in for a total of 1,891,398 shares, while 32 institutional investors sold positions of 1,654,108 shares during the same period.