Fortuna Silver Mines Inc. (NYSE:FSM) has a beta value of 0 and has seen 4,982,530 shares traded in the recent trading session. The company, currently valued at $1.17 Billion, closed the recent trade at $6.37 per share which meant it gained $0.34 on the day or 5.64% during that session. The FSM stock price is -54.63% off its 52-week high price of $9.85 and 65.46% above the 52-week low of $2.2. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.61 Million shares traded. The 3-month trading volume is 3.91 Million shares.
The consensus among analysts is that Fortuna Silver Mines Inc. (FSM) is a Hold stock at the moment, with a recommendation rating of 3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 6 out of 6 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight.
Fortuna Silver Mines Inc. (NYSE:FSM) trade information
Sporting 5.64% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the FSM stock price touched $6.56-3 or saw a rise of 3.12%. Year-to-date, Fortuna Silver Mines Inc. shares have moved -22.88%, while the 5-day performance has seen it change -0.39%. Over the past 30 days, the shares of Fortuna Silver Mines Inc. (NYSE:FSM) have changed -5.85%. Short interest in the company has seen 8.53 Million shares shorted with days to cover at 2.18.
Wall Street analysts have a consensus price target for the stock at $7.77, which means that the shares’ value could jump 21.98% from the levels at last check today. The projected low price target is $6.66 while the price target rests at a high of $9. In that case, then, we find that the latest price level in today’s session is +41.29% off the targeted high while a plunge would see the stock lose 4.55% from the levels at last check today.
Fortuna Silver Mines Inc. (FSM) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +6.75% over the past 5 years. Earnings growth for 2021 is a modest +161.5%.
Fortuna Silver Mines Inc. (NYSE:FSM)’s Major holders
Insiders own 0.8% of the company shares, while shares held by institutions stand at 38.93% with a share float percentage of 39.25%. Investors are also buoyed by the number of investors in a company, with Fortuna Silver Mines Inc. having a total of 209 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 21.22 Million shares worth more than $174.85 Million. As of December 30, 2020, Van Eck Associates Corporation held 11.46% of shares outstanding.
The other major institutional holder is Jupiter Asset Management Limited, with the holding of over 3.83 Million shares as of December 30, 2020. The firm’s total holdings are worth over $31.56 Million and represent 2.07% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck Vectors ETF Tr-Junior Gold Miners ETF and VanEck Vectors ETF Tr-Gold Miners ETF. As of March 30, 2021, the former fund manager holds about 5.02% shares in the company for having 9297181 shares of worth $60.15 Million while later fund manager owns 9.03 Million shares of worth $58.4 Million as of March 30, 2021, which makes it owner of about 4.88% of company’s outstanding stock.