Fortuna Silver Mines Inc. [FSM] fell -12.82% so far this year. What now?


Fortuna Silver Mines Inc. [NYSE: FSM] gained 3.98% on the last trading session, reaching $3.40 price per share at the time. The company report on May 11, 2022 that Fortuna Reports Net Income of $27.0 million in the First Quarter of 2022.

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(All amounts expressed in US dollars, tabular amounts in millions, unless otherwise stated).

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (“Fortuna” or the “Company”) today reported its financial and operating results for the first quarter of 2022.

Fortuna Silver Mines Inc. represents 291.64 million in outstanding shares, while the company has a total market value of $991.57 million with the latest information. FSM stock price has been found in the range of $3.32 to $3.44.

If compared to the average trading volume of 6.30M shares, FSM reached a trading volume of 4863644 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 0.19, with the Price to Sales ratio for FSM stock in the period of the last 12 months amounting to 1.65. The Price to Book ratio for the last quarter was 0.73.

Trading performance analysis for FSM stock

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 -0.58. With this latest performance, FSM shares dropped by -0.29% in over the last four-week period, additionally sinking by -2.30% over the last 6 months – not to mention a drop of -52.31% 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 49.70, with the RSI for the last a single of trading hit 52.81, and the three-weeks RSI is set at 48.09 for Fortuna Silver Mines Inc. [FSM]. The present Moving Average for the last 50 days of trading for this stock 3.64, while it was recorded at 3.40 for the last single week of trading, and 3.92 for the last 200 days.

Fortuna Silver Mines Inc. [FSM]: A deeper dive into fundamental analysis

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.

An analysis of insider ownership at Fortuna Silver Mines Inc. [FSM]

There are presently around $255 million, or 35.63% 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 30,690,608, which is approximately 4.553% of the company’s market cap and around 0.63% of the total institutional ownership; MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., holding 6,518,290 shares of the stock with an approximate value of $21.32 million in FSM stocks shares; and EURO PACIFIC ASSET MANAGEMENT, LLC, currently with $12.44 million in FSM stock with ownership of nearly 4.652% of the company’s market capitalization.

59 institutional holders increased their position in Fortuna Silver Mines Inc. [NYSE:FSM] by around 7,100,291 shares. Additionally, 59 investors decreased positions by around 8,375,800 shares, while 37 investors held positions by with 62,406,776 shares. The mentioned changes placed institutional holdings at 77,882,867 shares, according to the latest SEC report filing. FSM stock had 19 new institutional investments in for a total of 938,643 shares, while 23 institutional investors sold positions of 1,421,686 shares during the same period.