Fortuna Silver Mines Inc. [NYSE: FSM] gained 2.10% or 0.08 points to close at $3.89 with a heavy trading volume of 7414378 shares. The company report on December 5, 2022 that Fortuna increases Sunbird Resource and identifies new regional prospects at Séguéla, Côte d´Ivoire.
It opened the trading session at $4.00, the shares rose to $4.05 and dropped to $3.84, the range by which the price of stock traded the whole day. The daily chart for FSM points out that the company has recorded 26.30% gains over the past six months. However, it is still -89.76% lower than its most recent low trading price.
If we look at the average trading volume of 5.11M shares, FSM reached to a volume of 7414378 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 1.58. The Price to Book ratio for the last quarter was 0.81.
Trading performance analysis for FSM stock
Fortuna Silver Mines Inc. [FSM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.64. With this latest performance, FSM shares gained by 11.14% in over the last four-week period, additionally plugging by 26.30% over the last 6 months – not to mention a rise of 21.56% 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 63.65, with the RSI for the last a single of trading hit 63.63, and the three-weeks RSI is set at 63.03 for Fortuna Silver Mines Inc. [FSM]. The present Moving Average for the last 50 days of trading for this stock 3.20, while it was recorded at 3.86 for the last single week of trading, and 3.18 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 $302 million, or 37.34% 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 30,019,709, which is approximately -3.248% of the company’s market cap and around 0.91% of the total institutional ownership; MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., holding 8,424,509 shares of the stock with an approximate value of $32.77 million in FSM stocks shares; and EURO PACIFIC ASSET MANAGEMENT, LLC, currently with $15.71 million in FSM stock with ownership of nearly 16.546% of the company’s market capitalization.
Positions in Fortuna Silver Mines Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 56 institutional holders increased their position in Fortuna Silver Mines Inc. [NYSE:FSM] by around 7,562,816 shares. Additionally, 53 investors decreased positions by around 11,349,604 shares, while 30 investors held positions by with 58,845,332 shares. The mentioned changes placed institutional holdings at 77,757,752 shares, according to the latest SEC report filing. FSM stock had 14 new institutional investments in for a total of 399,035 shares, while 20 institutional investors sold positions of 4,492,921 shares during the same period.