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Sunday, December 3, 2023

Fortuna Silver Mines Inc. (NYSE: FSM): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Fortuna Silver Mines Inc. (FSM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -1.19%, to $3.33. The Fortuna Silver Mines Inc. has recorded 548,613 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Fortuna to attend 121 Mining Investment London Conference.

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Stocks Info

FSM belongs to the Basic Materials sector of the NYSE while operating in the Gold industry. At the end of the last regular session, the stock closed at $3.37 and fluctuated between $3.3800 as its day high and $3.1050 as its day low. The current market capitalization of Fortuna Silver Mines Inc. is $980.40M. A total of 6.26 million shares were traded on the day, compared to an average of 3.06M shares.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for FSM in the last 3 months, the mean price target is $4.24 with high estimates of $5.07 and low estimates of $3.64. In terms of 52-week highs and lows, FSM has a high of $4.20 and a low of $2.58.

As of this writing, FSM has an earnings estimate of $0.09 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.1 per share and a lower estimate of $0.07. The company reported an EPS of $0.01 in the last quarter, which was -75.00% lower than expectations of $0.04.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $4.35, while its Total Shareholder’s Equity was $1.43B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.00.

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