The stock of Fortuna Silver Mines Inc. (FSM) has gone down by -2.12% for the week, with a 34.01% rise in the past month and a 27.00% rise in the past quarter. The volatility ratio for the week is 6.26%, and the volatility levels for the past 30 days are 5.57% for FSM.. The simple moving average for the past 20 days is 17.12% for FSM’s stock, with a 40.39% simple moving average for the past 200 days.
Is It Worth Investing in Fortuna Silver Mines Inc. (NYSE: FSM) Right Now?
Additionally, the 36-month beta value for FSM is 1.62. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for FSM is 303.13M and currently, short sellers hold a 1.77% ratio of that float. The average trading volume of FSM on April 15, 2024 was 5.66M shares.
FSM) stock’s latest price update
Fortuna Silver Mines Inc. (NYSE: FSM)’s stock price has dropped by -3.35 in relation to previous closing price of 4.77. Nevertheless, the company has seen a loss of -2.12% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-10 that Demand for silver is rising due to the push for a cleaner environment and the pursuit of The Green Dream. Fortuna Silver Mines Inc. is a Canadian mining company with mines in Argentina, Burkina Faso, Côte d’Ivoire, Peru, and Mexico. The company’s Q1 2024 report shows an increase in gold equivalent production and gold production, but a decrease in silver production compared to previous periods.
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 37.28% 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 -6.30% of loss for the given period.
Volatility was left at 5.57%, however, over the last 30 days, the volatility rate increased by 6.26%, as shares surge +36.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +52.15% upper at present.
During the last 5 trading sessions, FSM fell by -2.12%, which changed the moving average for the period of 200-days by +47.76% in comparison to the 20-day moving average, which settled at $4.00. In addition, Fortuna Silver Mines Inc. saw 19.43% in overturn over a single year, with a tendency to cut further gains.
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 5.03.
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 1.82. 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
In conclusion, Fortuna Silver Mines Inc. (FSM) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
