The stock of Fortuna Silver Mines Inc. (NYSE:FSM) last traded at $3.09, down -3.44% from the previous session.
Data from the available sources indicates that Fortuna Silver Mines Inc. (NYSE:FSM) is covered by 5 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $5.38 and a low of $3.73, we find $4.42. Given the previous closing price of $3.20, this indicates a potential upside of 38.12 percent. FSM stock price is now -10.51% away from the 50-day moving average and -9.31% away from the 200-day moving average. The market capitalization of the company currently stands at $898.83M.
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In total, 4 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $4.53 as their price target over the next twelve months.
Insiders disposed of 1,277,000 shares of company stock worth roughly $3.95 million over the past 1 year. A total of 0.91% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FSM stock. A new stake in Fortuna Silver Mines Inc. shares was purchased by PINE VALLEY INVESTMENTS LTD LIABILITY CO during the first quarter worth $9,893,000. ETF MANAGERS GROUP, LLC invested $8,599,000 in shares of FSM during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in Fortuna Silver Mines Inc. valued at approximately $8,395,000. BAIRD FINANCIAL GROUP, INC. acquired a new stake in FSM for approximately $1,003,000. SIG NORTH TRADING, ULC purchased a new stake in FSM valued at around $251,000 in the second quarter. In total, there are 221 active investors with 38.29% ownership of the company’s stock.
With an opening price of $3.2000 on Thursday morning, Fortuna Silver Mines Inc. (NYSE: FSM) set off the trading day. During the past 12 months, Fortuna Silver Mines Inc. has had a low of $2.05 and a high of $4.20. The fifty day moving average price for FSM is $3.4402 and a two-hundred day moving average price translates $3.4107 for the stock.
The latest earnings results from Fortuna Silver Mines Inc. (NYSE: FSM) was released for Mar, 2023. According to the Gold Company, earnings per share came in at $0.05, beating analysts’ expectations of $0.01 by 0.04. This compares to $0.09 EPS in the same period last year. The company reported revenue of $175.65 million for the quarter, compared to $182.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.66 percent. For the current quarter, analysts expect FSM to generate $170.7M in revenue.
Fortuna Silver Mines Inc.(FSM) Company Profile
Fortuna Silver Mines Inc. engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine located in southern Mexico; the Lindero gold project located in Northern Argentina; Yaramoko gold mine located in south western Burkina Faso; and Séguéla gold mine located in south western Côte d’Ivoire. The company was formerly known as Fortuna Ventures Inc. and changed its name to Fortuna Silver Mines Inc. in June 2005. Fortuna Silver Mines Inc. was incorporated in 1990 and is based in Vancouver, Canada.
