Fortuna Silver Mines Inc. (NYSE:FSM) traded at $4.77 at close of the session on Friday, April 26, made a downward move of -0.21% on its previous day’s price.
Looking at the stock we see that its previous close was $4.78 . In terms of its 52-week price range, FSM has a high of $4.94 and a low of $2.58. The company’s stock has gained about 31.77% over that past 30 days.
Fortuna Silver Mines Inc. has a market cap of $1.46 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.06, with the EPS growth for the year raised at $0.18 for 2024 and $0.25 for next year. These figures represent -18.20% and 38.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $226 million, with a low of $226 million and a high of $226 million. The median projection represents growth squeezing down to 28.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $915.32 million, or 8.70% up from figures reported last year.
On the other hand, looking at the outlook for the FSM stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 5.52% off its SMA20 and 29.77% from its 50-day simple moving average. The RSI (14) is pointing at 68.18 while the volatility over the past week is 5.16% and jumps to 5.76% over the past one month. The beta value is 1.55, while the average true range (ATR) is currently pointing at 0.23.
Coming back to Fortuna Silver Mines Inc. (NYSE:FSM), we note that the average 3-month trading volume was 5.75 million. Current shares outstanding are 306.59 million.
The insiders hold 1.12% of the company’s shares while institutions hold 43.02%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 23.58% up in year-to-date price movement.
