Operating mines in Latin America and West Africa, Fortuna Silver Mines is a prominent participant in silver and gold mining. On the NYSE the company’s stock is listed as FSM; on the TSX it is FVI. Its stock price right now is CAD 6.85, and it shows minimal fluctuations in the precious metal market. Investors keep watching its value in light of changing economic times.
| Attribute | Details |
|---|---|
| Company | Fortuna Silver Mines |
| Stock Symbol (NYSE) | FSM |
| Stock Symbol (TSX) | FVI |
| Current Stock Price | CAD 6.85 (latest trading session) |
| 52-Week High | CAD 8.68 |
| 52-Week Low | CAD 3.57 |
| Market Cap | 2.15 Billion CAD |
| P/E Ratio | 903.69 |
| Revenue Growth | 64.12% YoY |
| Net Income Growth | 1195.15% YoY |
| Website | fortunamining.com |
Market position of Fortuna Silver Mines
One knows Fortuna to be a mid-cap mining business. Its diverse activities on different continents helps it to have a strong position in markets for precious metals. Fortuna has attracted the interest of the market with quarterly revenue growth of 64% and a notable net income increase of more than 1195%. Still, stock performance exhibits price volatility that reflects changes in the market.
Variability of Fortuna Silver Mines Stock Price
Changes in gold and silver prices mostly affect the price volatility of Fortuna’s stock. The 52-week range of Fortuna from CAD 3.57 to CAD 8.68 shows how much market prices of major precious metals affect mining equities. This fluctuation is connected to more general global market demand cycles and economic changes.
A concise table summarizing the market details for Fortuna Silver Mines stock
| Attribute | Value |
|---|---|
| Stock Symbol (NYSE) | FSM |
| Stock Symbol (TSX) | FVI |
| Current Price (CAD) | 6.85 |
| Change | -0.080 (1.15%) |
| Market Cap | 2.15 Billion CAD |
| P/E Ratio | 903.69 |
| Dividend Yield | None |
| 52-Week High | 8.68 CAD |
| 52-Week Low | 3.57 CAD |
| Day’s Range | 6.84 – 7.06 CAD |
| Open | 6.98 CAD |
| Previous Close | 6.85 CAD |
| Volume | 7,095,278 |
| Avg. Volume (65-day) | 6,685,293 |
| Next Earnings Date | November 7, 2024 |
Fortuna Silver Mine Stock’s Investor Appeal
For anyone drawn to precious metals, Fortuna Silver Mines presents a good choice. The company’s mines spread throughout areas with great demand. Fortuna‘s products attract individuals looking for consistent investments with great growth potential since silver and gold assets are regarded as safe-haven investments, especially in inflationary times.
Industry Performance Evaluation
Fortuna has a similar stock price to rivals such as Pan American Silver and Coeur Mining, which right now ranges from CAD 6.85. Fortuna’s revenue growth puts it in line with industry performance criteria even if its market capitalization and price-to— earnings ratios vary somewhat. Investors give these elements great weight in determining Fortuna’s possible investment value.
Financial Synopsis
Fortuna Silver Mines has show tremendous financial expansion. With an outstanding net income rise in its most recent quarterly report—above 1000%—the corporation demonstrated growth. Additionally showing amazing increases are the earnings per share (EPS). Fortuna’s high P/E ratio indicates investors would wish to closely examine its valuation even with this solid financial basis.
Future Prospect for Mines producing Fortuna Silver
Given the worldwide increasing demand for gold and silver, Fortuna’s view seems bright. Its expansion plan along with strong financials could produce more benefits. Investors are waiting for the upcoming, shortly to published earnings report. Production level, operational improvements, and any updates on exploratory initiatives could all affect the performance of the stock.
Market Risks for Stock of Fortuna Silver Mines
Fortuna investment carries inherent hazards. Stock prices can be influenced by changes in regulations, possible political unrest, and volatility in the price of commodities. To properly assess risks and possible rewards, investors must be educated on the state of the economy and keep aware of the most recent news regarding the activities of Fortuna.
Is a good buy Fortuna Silver Mines Stock?
Fortuna Silver Mines has promise for those looking for a hedge against economic uncertainty. In the precious metal market, it is still appealing given excellent growth rates. Due diligence is therefore absolutely vital, nevertheless, given volatility and market hazards Seeing current patterns in gold and silver prices can help one to better see its possibilities.
Long View on Fortuna Silver Mines
Long-term investors have great opportunity at Fortuna Silver Mines. Within the mining industry, its diversified portfolio and consistent income growth appeal. The company’s continuous projects and growing worldwide demand could propel more development as it gets ready for its next earnings report, thereby offering possible benefits for individuals looking for investment security.
FAQs
What is Fortuna Silver Mines’ stock symbol?
FSM on NYSE and FVI on TSX.
Where is Fortuna Silver Mines headquartered?
Vancouver, Canada.
What is the market cap of Fortuna Silver Mines?
Approximately CAD 2.15 billion.
Does Fortuna Silver Mines pay a dividend?
No, it currently does not pay dividends.
What sectors does Fortuna operate in?
Silver and gold mining across Latin America and West Africa.
When is the next earnings report for Fortuna?
Scheduled for November 7, 2024.
