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Tuesday, June 6, 2023

Investing In Fortuna Silver Mines Inc. (NYSE: FSM): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Fortuna Silver Mines Inc. (FSM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 1.23%, to $3.30. The Fortuna Silver Mines Inc. has recorded 94,902 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Fortuna reports results for the first quarter of 2023.

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Stocks Info

The company is listed on the NYSE and operates within the Gold industry segment. At the end of the last regular session, the stock closed at $3.26 and fluctuated between $3.4100 as its day high and $3.2500 as its day low. The current market capitalization of Fortuna Silver Mines Inc. is $947.66M. A total of 2.89 million shares were traded on the day, compared to an average of 3.56M shares.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for FSM in the last 3 months, the mean price target is $4.64 with high estimates of $5.38 and low estimates of $3.72. In terms of 52-week highs and lows, FSM has a high of $4.20 and a low of $2.05.

As of this writing, FSM has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.06 per share and a lower estimate of $0.01.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. FSM’s latest balance sheet shows that the firm has $107.51M in Cash & Short Term Investments as of fiscal 2021. There were $186.89M in debt and $166.77M in liabilities at the time. Its Book Value Per Share was $4.33, while its Total Shareholder’s Equity was $1.43B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FSM is Buy with a score of 3.50.

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