What’s Fortuna Silver Mines Inc. (FSM)’s Price to Earnings Ratio?

Fortuna Silver Mines Inc. (NYSE:FSM) saw an upside of 3.47% to close Tuesday at $3.58 after adding $0.12 on the day. The 5-day average trading volume is 3,777,440 shares of the company’s common stock. It has gained $3.69 in the past week and touched a new high 2 times within the past 5 days. An average of 4,901,610 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,058,082.

FSM’s 1-month performance is 26.95% or $0.76 on its low of $2.57 reached on 11/03/22. The company’s shares have touched a 52-week low of $2.05 and high of $4.68, with the stock’s rally to the 52-week high happening on 03/08/22. YTD, FSM has lost -8.21% or -$0.32 and has reached a new high 7 times. However, the current price is down -23.42% from the 52-week high price.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.45 while the price-to-book (PB) in the most recent quarter is 0.75.

The firm’s gross profit as reported stood at $136.88 million against revenue of $599.85 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -42.82% to $23.8 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected FSM to announce $0.03 per share in earnings in its latest quarter, but it posted $0.01, representing a -66.70% surprise. EBITDA for the quarter stood at more than $52.56 million. FSM stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 592.75 million, with total debt at $228.25 million.

Let’s look briefly at Fortuna Silver Mines Inc. (FSM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 29 November was 61.12% to suggest the stock is trending Neutral, with historical volatility in this time period at 52.24%.

The stock’s 5-day moving average is $3.60, reflecting a +5.92% or $0.20 change from its current price. FSM is currently trading +28.78% above its 20-day SMA, +31.14% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +48.55% and SMA200 by-0.28%.

Stochastic %K and %D was 81.85% and 88.86% and the average true range (ATR) pointed at 0.17. The RSI (14) points at 61.96%, while the 14-day stochastic is at 83.70% with the period’s ATR at 0.17. The stock’s 9-day MACD Oscillator is pointing at 0.03 and 0.07 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Fortuna Silver Mines Inc. (NYSE: FSM), Canaccord Genuity upgraded it to a Buy rating. They previously had a Hold rating on the stock.

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