Fortuna Silver Mines Proposes Name Change
TipRanks (Tue, 14-May 3:57 PM ET)
Fortuna Silver (NYSE:FSM): Undervalued despite Surging Demand for Precious Metals
TipRanks (Mon, 13-May 5:24 PM ET)
Fortuna reports financial results for the first quarter of 2024
Globe Newswire (Tue, 7-May 10:11 PM ET)
Fortuna renews share repurchase program
Globe Newswire (Tue, 30-Apr 5:00 AM ET)
Globe Newswire (Mon, 22-Apr 5:00 AM ET)
Globe Newswire (Mon, 15-Apr 7:10 PM ET)
Fortuna reports strong gold equivalent production of 112,543 ounces in the first quarter of 2024
Globe Newswire (Mon, 8-Apr 5:00 AM ET)
Fortuna files Form 40-F, Annual Report
Globe Newswire (Thu, 28-Mar 5:00 PM ET)
Fortuna to present at the Gold Forum Europe 2024 in Zrich, Switzerland
Globe Newswire (Mon, 25-Mar 5:00 AM ET)
Globe Newswire (Mon, 11-Mar 5:00 AM ET)
Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and the open pit Seguela gold mine in southwestern Cote d'Ivoire. The company earns revenue from contracts with customers related to its concentrate and dore sales. Majority of the revenue for the company is generated from Seguela gold mine.
Fortuna Silver Mines Ordinary Shares (Canada) trades on the NYSE stock market under the symbol FSM.
As of May 16, 2024, FSM stock price climbed to $5.43 with 5,836,511 million shares trading.
FSM has a beta of 1.22, meaning it tends to be more sensitive to market movements. FSM has a correlation of 0.07 to the broad based SPY ETF.
FSM has a market cap of $1.66 billion. This is considered a Small Cap stock.
Last quarter Fortuna Silver Mines Ordinary Shares (Canada) reported $225 million in Revenue and $.09 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.04.
In the last 3 years, FSM stock traded as high as $7.22 and as low as $2.05.
The top ETF exchange traded funds that FSM belongs to (by Net Assets): GDX, GDXJ, SIL, DISV, DFIC.
FSM has outperformed the market in the last year with a price return of +55.1% while the SPY ETF gained +29.6%. FSM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +88.5% and +15.8%, respectively, while the SPY returned +5.6% and +5.7%, respectively.
FSM support price is $5.17 and resistance is $5.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FSM stock will trade within this expected range on the day.