Fortuna Silver Mines Inc. [NYSE: FSM] stock went on a downward path that fall over -0.69% on Tuesday, amounting to a one-week price increase of more than 2.85%. The company report on November 6, 2023 at 6:28 PM that Fortuna brings forward filing time of its third quarter 2023 financial results to before market open on November 8, 2023.
The conference call to discuss the financial and operational results will still be held on Thursday, November 9, 2023, at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, Luis D. Ganoza, Chief Financial Officer, Cesar Velasco, Chief Operating Officer – Latin America, and David Whittle, Chief Operating Officer – West Africa.
Over the last 12 months, FSM stock dropped by -2.03%. The one-year Fortuna Silver Mines Inc. stock forecast points to a potential upside of 27.2. The average equity rating for FSM stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $840.76 million, with 290.22 million shares outstanding and 286.28 million shares in the current float. Compared to the average trading volume of 2.88M shares, FSM stock reached a trading volume of 4486316 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Fortuna Silver Mines Inc. [FSM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FSM shares is $3.97 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FSM stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Scotiabank have made an estimate for Fortuna Silver Mines Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on May 30, 2023.
The Average True Range (ATR) for Fortuna Silver Mines Inc. is set at 0.13, with the Price to Sales ratio for FSM stock in the period of the last 12 months amounting to 1.27. The Price to Book ratio for the last quarter was 0.67, with the Price to Cash per share for the same quarter was set at 0.32.
FSM Stock Performance Analysis:
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 2.85. With this latest performance, FSM shares gained by 1.76% in over the last four-week period, additionally sinking by -23.54% over the last 6 months – not to mention a drop of -2.03% 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 49.78, with the RSI for the last a single of trading hit 49.55, and the three-weeks RSI is set at 49.24 for Fortuna Silver Mines Inc. [FSM]. The present Moving Average for the last 50 days of trading for this stock 2.88, while it was recorded at 2.89 for the last single week of trading, and 3.33 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 +12.18 and a Gross Margin at +20.98. Fortuna Silver Mines Inc.’s Net Margin is presently recorded at -18.76.
Return on Total Capital for FSM is now 5.27, given the latest momentum, and Return on Invested Capital for the company is -8.43. Return on Equity for this stock declined to -9.74, with Return on Assets sitting at -6.55. When it comes to the capital structure of this company, Fortuna Silver Mines Inc. [FSM] has a Total Debt to Total Equity ratio set at 19.32. Additionally, FSM Total Debt to Total Capital is recorded at 16.19, with Total Debt to Total Assets ending up at 12.82. Long-Term Debt to Equity for the company is recorded at 18.57, with the Long-Term Debt to Total Capital now at 15.56.
Reflecting on the efficiency of the workforce at the company, Fortuna Silver Mines Inc. [FSM] managed to generate an average of -$30,445 per employee. Receivables Turnover for the company is 9.26 with a Total Asset Turnover recorded at a value of 0.35.Fortuna Silver Mines Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.23 and a Current Ratio set at 1.98.
Fortuna Silver Mines Inc. [FSM] Institutonal Ownership Details
The top three institutional holders of FSM stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in FSM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in FSM stock with ownership which is approximately 5.7994%.