Fortuna Silver Mines Inc. (NYSE: FSM)’s stock price has plunge by -0.29relation to previous closing price of 3.48. Nevertheless, the company has seen a 5.79% surge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-03-25 that VANCOUVER, British Columbia, March 25, 2024 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce that it will be attending Gold Forum Europe 2024 , which is being held at the Park Hyatt in Zürich, Switzerland, from April 8 to 10, 2024.
Is It Worth Investing in Fortuna Silver Mines Inc. (NYSE: FSM) Right Now?
FSM has 36-month beta value of 1.61. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for FSM is 303.25M, and currently, short sellers hold a 1.24% ratio of that float. The average trading volume of FSM on March 27, 2024 was 4.99M shares.
FSM’s Market Performance
The stock of Fortuna Silver Mines Inc. (FSM) has seen a 5.79% increase in the past week, with a 27.57% rise in the past month, and a -12.37% fall in the past quarter. The volatility ratio for the week is 5.11%, and the volatility levels for the past 30 days are at 4.75% for FSM. The simple moving average for the last 20 days is 8.40% for FSM stock, with a simple moving average of 7.66% for the last 200 days.
Analysts’ Opinion of FSM
Many brokerage firms have already submitted their reports for FSM stocks, with Scotiabank repeating the rating for FSM by listing it as a “Sector Perform.” The predicted price for FSM in the upcoming period, according to Scotiabank is $4.25 based on the research report published on May 30, 2023 of the previous year 2023.
FSM Trading at 11.77% from the 50-Day Moving Average
After a stumble in the market that brought FSM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.38% of loss for the given period.
Volatility was left at 4.75%, however, over the last 30 days, the volatility rate increased by 5.11%, as shares surge +28.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.68% lower at present.
During the last 5 trading sessions, FSM rose by +5.79%, which changed the moving average for the period of 200-days by -2.25% in comparison to the 20-day moving average, which settled at $3.24. In addition, Fortuna Silver Mines Inc. saw -10.10% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FSM
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.22 for the gross margin
The net margin for Fortuna Silver Mines Inc. stands at -0.06. The total capital return value is set at 0.06. Equity return is now at value -4.09, with -2.64 for asset returns.
Based on Fortuna Silver Mines Inc. (FSM), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 1.36. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is 4.6.
Currently, EBITDA for the company is 352.71 million with net debt to EBITDA at 0.4. When we switch over and look at the enterprise to sales, we see a ratio of 1.41. The receivables turnover for the company is 11.43for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
To put it simply, Fortuna Silver Mines Inc. (FSM) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
