With over 4.4 million Fortuna Silver Mines Inc. (FSM) shares trading Friday and a closing price of $3.18 on the day, the dollar volume was approximately $13.98 million. The shares have shown a positive half year performance of 31.95% and its price on 03/10/23 gained nearly 2.58%. Currently, there are 290.18M common shares owned by the public and among those 286.38M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for FSM have a consensus price objective of $4.41. The analysts have set the share’s price value over the next 12 months at a high of $4.87 and a low of $3.72. But an upside of 34.7% will see the stock hit the forecast high price target while median target price for the stock is $4.46.
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The top 3 mutual fund holders in Fortuna Silver Mines Inc. are VanEck Gold Miners ETF, VanEck Junior Gold Miners ETF, and Global X Silver Miners ETF. VanEck Gold Miners ETF owns 15.13 million shares of the company’s stock, all valued at over $48.87 million. The company bought an additional 41653.0 shares recently to bring their total holdings to about 5.21% of the shares outstanding. VanEck Junior Gold Miners ETF bought 0.12 million shares to see its total holdings expand to 12.38 million shares valued at over $39.98 million and representing 4.26% of the shares outstanding. Global X Silver Miners ETF now owns shares totaling to 2.73% of the shares outstanding.
Shares of Fortuna Silver Mines Inc. (NYSE: FSM) opened at $3.16, up $0.06 from a prior closing price of $3.10. However, the script later moved the day high at 3.2900, up 2.58%. The company’s stock has a 5-day price change of -7.56% and -18.67% over the past three months. FSM shares are trading -15.20% year to date (YTD), with the 12-month market performance down to -25.87% lower. It has a 12-month low price of $2.05 and touched a high of $4.56 over the same period. FSM has an average intraday trading volume of 3.94 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.36%, -11.40%, and 1.90% respectively.
Institutional ownership of Fortuna Silver Mines Inc. (NYSE: FSM) shares accounts for 38.41% of the company’s 290.18M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $922.78M. The stock’s trailing 12-month PE ratio is 26.50, while the earnings-per-share (ttm) stands at $0.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.08% over the week and 3.34% over the month.
Analysts forecast that Fortuna Silver Mines Inc. (FSM) will achieve an EPS of $0.02 for the current quarter, -$0.01 for the next quarter and $0.23 for 2023. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.03. Comparatively, EPS for the current quarter was $0.12 a year ago. Earnings per share for the fiscal year are expected to decrease by -62.50%, and 93.30% over the next financial year.
Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
CIBC on their part issued Neutral rating on March 05, 2019.
