Fortuna Silver Mines - FSM Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Fortuna Silver Mines in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FSM shares.
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6 brokerages have issued twelve-month target prices for Fortuna Silver Mines' stock. Their FSM share price forecasts range from $4.25 to $8.00. On average, they anticipate the company's stock price to reach $5.88 in the next year. This suggests a possible upside of 118.4% from the stock's current price.
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Fortuna Silver Mines' stock was trading at $3.90 at the beginning of 2022. Since then, FSM stock has decreased by 31.0% and is now trading at $2.69.
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Fortuna Silver Mines saw a increase in short interest in July. As of July 31st, there was short interest totaling 14,660,000 shares, an increase of 22.1% from the July 15th total of 12,010,000 shares. Based on an average daily trading volume, of 5,480,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 5.1% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
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Fortuna Silver Mines Inc. (NYSE:FSM) posted its quarterly earnings data on Thursday, November, 11th. The basic materials company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by $0.02. The basic materials company had revenue of $162.57 million for the quarter. Fortuna Silver Mines had a trailing twelve-month return on equity of 6.06% and a net margin of 6.26%. During the same period in the prior year, the firm earned $0.09 earnings per share.

Based on aggregate information from My MarketBeat watchlists, some companies that other Fortuna Silver Mines investors own include First Majestic Silver (AG), Kinross Gold (KGC), Pan American Silver (PAAS), Hecla Mining (HL), Coeur Mining (CDE), Newmont (NEM), Yamana Gold (AUY), Wheaton Precious Metals (WPM) and Barrick Gold (GOLD).

Fortuna Silver Mines trades on the New York Stock Exchange (NYSE) under the ticker symbol "FSM."

Fortuna Silver Mines' stock is owned by a number of retail and institutional investors. Top institutional investors include Van ECK Associates Corp (10.63%), Ruffer LLP (0.97%), Renaissance Technologies LLC (0.64%), Wells Fargo & Company MN (0.37%), Sicart Associates LLC (0.33%) and Millennium Management LLC (0.28%).

Shares of FSM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FSM stock can currently be purchased for approximately $2.69.

Fortuna Silver Mines (NYSE:FSM) has a market capitalization of $785.42 million and generates $599.85 million in revenue each year. The basic materials company earns $59.40 million in net income (profit) each year or $0.15 on an earnings per share basis.

The company employs 2,297 workers across the globe.

Fortuna Silver Mines' mailing address is 200 BURRARD ST SUITE 650, VANCOUVER A1, V6C 3L6. The official website for the company is www.fortunasilver.com. The basic materials company can be reached via phone at (604) 484-4085, via email at info@fortunasilver.com, or via fax at 604-662-8829.