One stock to think about today – Marketing Sentinel
At today’s meeting, 4.07 million shares of Fortuna Silver Mines Inc. (NYSE: FSM) were traded. Most recently, the company’s share price was $ 4.43, up $ 0.16, or -3.38%, from the last close of trading, bringing the company’s market valuation to $ 850.61 million. FSM was trading at a discount to its 52-week high of $ 9.85 on its last review, offering almost -122.35% off that amount. The stock’s 52-week low was $ 4.54, suggesting its most recent value has fallen an impressive -2.48% since then. From Fortuna Silver Mines Inc.’s average daily trading volume, we can see that the 10-day average is 5.13 million shares and the 3-month average is 4.24 million.
Fortuna Silver Mines Inc. shares were given a consensus recommendation rating of Hold based on an average score of 3.00. If we narrow it down further, the data shows that 0 out of 7 analysts rate the stock as a sell; another 0 rate it as overweight. Among others, 6 recommended FSM as a hold, while 1 rated it as a buy and 0 rated it as underweight. Fortuna Silver Mines Inc. is expected to post earnings per share of $ 0.1 for the current quarter.
FSM immediately shows a red trend today with a performance of -3.38% in today’s intraday trading. The performance of the last five days has remained in the red. The rise to the weekly high of 5.34 on Monday, 07/19/21, caused the share price to rise by 17.04%. The company’s shares are down -44.30% year-to-date but are still -10.00% over the past five days. Fortuna Silver Mines Inc. (NYSE: FSM), on the other hand, is down -23.37% over the 30 day period. From the short sales it can be seen that 14.85 million shares were sold with a short interest coverage period of 3.31 day (s).
The consensus price target set by Wall Street analysts is $ 7.54, which means bulls will need to add 41.25% to their share price from its current value. Analyst projections say FSM is expected to hit a low of $ 5.20 and a high of $ 8.80. For the stock price to hit the forecast high, the stock would have to fall -98.65% from its current level, while the stock would have to fall -17.38% from its current level to hit the projected low.
Fortuna Silver Mines Inc. (FSM) estimates and forecasts
Fortuna Silver Mines Inc. share prices are performing particularly well compared to other companies in the same industry. As the statistics suggest, the company’s stock is down -39.21 percent in the past six months, well above the industry average of 31.80% with an annual growth rate of 394.12%. In addition, analysts have decided to summarize their sales estimates for fiscal year 2021. The rating firms are forecasting sales growth of 66.70% for this quarter and an increase of 12.50% for the next quarter. The growth rate compared to the previous year is expected to be 26.50% and thus above the previous year.
Consensus estimates from two financial analysts predict the company will average $ 67 million in revenue for the current quarter. 1 analysts expect Fortuna Silver Mines Inc. to generate revenue of $ 63 million for the quarter ended March 2018.
Looking at the company’s earnings year over year, the past five years showed a positive earnings growth rate of 6.75%.
Fortuna Silver Mines Inc.’s next quarterly report is expected to be released on May 10th.
The primary owners of Fortuna Silver Mines Inc. (NYSE: FSM)
Looking at major shareholders, it appears that insiders hold 0.96% of Fortuna Silver Mines Inc.’s shares, and 37.54% of that is in the hands of institutional investors. The share currently has a free float of 37.90%. Fortuna Silver Mines Inc. shares are held by 215 institutions, with Van Eck Associates Corporation being the largest institutional investor. As of March 30, 2021, it held 10.57% of the shares, which equates to approximately 19.58 million shares valued at $ 126.71 million.
Mirae Asset Global Investments Co., Ltd. holds the second largest percentage of shares outstanding at 2.22% or 4.11 million shares valued at $ 26.56 million as of March 30, 2021.
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VanEck Vectors ETF Tr-Junior Gold Miners ETF and VanEck Vectors ETF Tr-Gold Miners ETF were the two largest investment funds as of May 30, 2021. The former held 9.42 million shares valued at $ 65.45 million, accounting for 5.08% of all shares outstanding. On the flip side, VanEck Vectors ETF Tr-Gold Miners ETF held approximately 8.84 million shares valued at approximately $ 61.41 million, which is roughly 4.77% of the total outstanding shares.