Fortuna Silver Mines Inc. (NYSE: FSM) has seen a rise in its stock price by 3.10 in relation to its previous close of 4.51. However, the company has experienced a 0.87% gain in its stock price over the last five trading sessions. MarketBeat reported 2024-04-15 that Gold has been making all-time highs, reaching an all-time high of $2,430 per ounce on Apr. 12, 2024. The latest surge stems from tensions in the Middle East (as warnings of an imminent attack on Israel by Iran make headlines), the growing U.S. debt, and recent economic reports showing an uptick in inflation.
Is It Worth Investing in Fortuna Silver Mines Inc. (NYSE: FSM) Right Now?
The 36-month beta value for FSM is also noteworthy at 1.56. 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 303.15M, and at present, short sellers hold a 1.77% of that float. The average trading volume of FSM on April 22, 2024 was 5.75M shares.
FSM’s Market Performance
FSM stock saw an increase of 0.87% in the past week, with a monthly gain of 32.48% and a quarterly increase of 53.97%. The volatility ratio for the week is 4.02%, and the volatility levels for the last 30 days are 5.47% for Fortuna Silver Mines Inc. (FSM). The simple moving average for the last 20 days is 9.96% for FSM stock, with a simple moving average of 40.15% 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 32.74% 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 -5.87% of loss for the given period.
Volatility was left at 5.47%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares surge +35.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +53.47% upper at present.
During the last 5 trading sessions, FSM rose by +0.87%, which changed the moving average for the period of 200-days by +45.31% in comparison to the 20-day moving average, which settled at $4.29. In addition, Fortuna Silver Mines Inc. saw 20.47% 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 1.84. 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 summary, Fortuna Silver Mines Inc. (FSM) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
