Fortuna Silver Mines Inc. (NYSE: FSM) stock fell -0.66% on Monday to $3.00 against a previous-day closing price of $3.02. With 1.63 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.61 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $3.0490 whereas the lowest price it dropped to was $2.9801. The 52-week range on FSM shows that it touched its highest point at $4.20 and its lowest point at $2.05 during that stretch. Beta for the stock currently stands at 1.35.
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 7.14%, but this was up by 5.26% over a month. Three-month performance dropped to -9.64% while six-month performance fell -13.04%. The stock gained 29.31% in the past year, while it has lost -20.00% so far this year. A look at the trailing 12-month EPS for FSM yields -0.51 with Next year EPS estimates of 0.38. For the next quarter, that number is 0.04. This implies an EPS growth rate of 20.00% for this year and 111.10% for next year.
Float and Shares Shorts:
At present, 290.92 million FSM shares are outstanding with a float of 286.74 million shares on hand for trading. On Aug 30, 2023, short shares totaled 7.47 million, which was 2.57% higher than short shares on Jul 30, 2023. 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 39.65% 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 5.33% stake in FSM, the VanEck Gold Miners ETF is the largest stakeholder. A total of 15,505,322 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 4.28% of FSM stock, is the second-largest Mutual Fund holder. It holds 12,455,175 shares valued at 38.61 million. Global X Silver Miners ETF holds 2.44% of the stake in FSM, owning 7,086,027 shares worth 21.97 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, FSM reported revenue of $167.87M and operating income of $17.24M. The EBITDA in the recently reported quarter was $59.17M and diluted EPS was $0.01.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FSM since 0 analysts follow the stock currently. 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 $5.12 and a low target of $3.73, the average target price over the next 12 months is $4.44. Based on these targets, FSM could surge 70.67% to reach the target high and rise by 24.33% to reach the target low. Reaching the average price target will result in a growth of 48.0% 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.