Fortuna Silver Mines Inc. (NYSE: FSM) stock jumped 1.05% on Tuesday to $3.84 against a previous-day closing price of $3.80. With 4.11 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.73 million shares. During the session, the Silver company that operates in wider Basic Materials sector, reached to the highest price of $3.8500 whereas the lowest price it dropped to was $3.6850. The 52-week range on FSM shows that it touched its highest point at $4.68 and its lowest point at $2.05 during that stretch.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FSM was up-trending over the past week, with a rise of 8.47%, but this was down by -1.03% over a month. Three-month performance surged to 35.21% while six-month performance rose 52.99%. The stock gained 4.63% in the past year, while it has gained 2.40% so far this year. A look at the trailing 12-month EPS for FSM yields 0.13 with Next year EPS estimates of 0.19. For the next quarter, that number is 0.01. This implies an EPS growth rate of -65.00% for this year and 35.70% for next year.
Float and Shares Shorts:
At present, 290.18 million FSM shares are outstanding with a float of 286.38 million shares on hand for trading. On Oct 13, 2022, short shares totaled 13.0 million, which was 4.46% higher than short shares on Sep 14, 2022. In addition to Mr. Jorge A. Ganoza Durant B.Sc., Eng as the firm’s Co-Founder, Pres, CEO & Director, Mr. Mario D. Szotlender serves as its Co-Founder & Director.
Through their ownership of 37.37% of FSM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of FSM, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 5.20% stake in FSM, the VanEck Gold Miners ETF is the largest stakeholder. A total of 15,086,588 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 4.26% of FSM stock, is the second-largest Mutual Fund holder. It holds 12,354,467 shares valued at 46.33 million. Global X Silver Miners ETF holds 2.82% of the stake in FSM, owning 8,171,112 shares worth 30.64 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FSM since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FSM analysts setting a high price target of $5.04 and a low target of $3.88, the average target price over the next 12 months is $4.44. Based on these targets, FSM could surge 31.25% to reach the target high and rise by 1.04% to reach the target low. Reaching the average price target will result in a growth of 15.63% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. FSM will report FY 2022 earnings on 03/21/2024. Analysts have provided yearly estimates in a range of $0.16 being high and $0.10 being low. For FSM, this leads to a yearly average estimate of $0.13. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Fortuna Silver Mines Inc. surprised analysts by -$0.01 when it reported $0.01 EPS against a consensus estimate of $0.02. The surprise factor in the prior quarter was -$0.05. Based on analyst estimates, the high estimate for the next quarter is $0.03 and the low estimate is -$0.00. The average estimate for the next quarter is thus $0.01.