FSM Stock Summary and Trading Ideas (Fortuna Silver Mines Ordinary Shares (Canada) | NYSE:FSM)

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 April 24, 2024, FSM stock price declined to $4.64 with 3,678,931 million shares trading.

FSM has a beta of 1.13, meaning it tends to be more sensitive to market movements. FSM has a correlation of 0.06 to the broad based SPY ETF.

FSM has a market cap of $1.42 billion. This is considered a Small Cap stock.

Last quarter Fortuna Silver Mines Ordinary Shares (Canada) reported $265 million in Revenue and $.07 earnings per share. This beat revenue expectation by $4 million and missed earnings estimates by -$.03.

In the last 3 years, FSM stock traded as high as $7.25 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 return of +25.7%, while the SPY ETF gained +24.2%. In the last 3 month period, FSM beat the market returning +49.2%, while SPY returned +4.6%. However, in the most recent 2 weeks FSM has underperformed the stock market by returning -3.3%, while SPY returned -2.7%.

FSM support price is $4.46 and resistance is $4.86 (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.