Give me a comprehensive report on FSM
7/6/2024 11:55pm
Fortuna Silver Mines Corp. (FSM) is a precious and base metal mining company engaged in the exploration, extraction, and processing of silver, lead, zinc, and gold. Here is a comprehensive report on FSM:
1. **Technical Analysis**:
- FSM's stock price closed at $5.02 on July 5, 2024, with a resistance level at $5.24 and a support level at $5.00.
- The 5-day moving average was $5.72, the 10-day moving average was $5.95, and the 50-day moving average was $5.20, suggesting a bearish trend with recent price declines.
- The RSI was 56.24, KDJ was 59.39, and MACD was 0.01, indicating the stock is neither overbought nor oversold.
- FSM's stock is currently trading below its 50-day moving average, which could be a bearish signal.
2. **Fundamental Analysis**:
- FSM's P/E ratio is -43.33, which is negative and suggests that the company is not currently profitable.
- The P/S ratio is 1.71, and the Price to Book Ratio is 1.22, which are within industry averages.
- The company has a debt-to-equity ratio of 48.27%, and free cash flow of $101.97 million.
- FSM's net income was $29.07 million, and total revenue was $224.95 million, indicating profitability and revenue growth.
- The net income year-on-year growth rate is 17.21 million, and the total revenue year-on-year growth rate is 49.3 million.
3. **Market Sentiment and Analyst Ratings**:
- FSM has a net fund flow of -$113,036.76, indicating net selling by investors.
- Analysts have given mixed ratings to FSM, with some suggesting a "Buy" rating and others a "Strong Sell" rating.
- The average price target is $6.20, with a consensus rating of "Neutral" to "Strong Buy" based on various analysts' estimates.
4. **Recent Developments and News**:
- FSM announced a secondary public offering of its convertible senior notes worth $150 million, which could impact the stock price.
- The company's stock price has been affected by broader market trends and the performance of the precious metals sector.
5. **Conclusion**:
- FSM's stock is currently trading below its 50-day moving average, indicating a bearish trend.
- The company is not currently profitable, as indicated by its negative P/E ratio.
- FSM has shown profitability and revenue growth, but the negative P/E ratio and recent stock price declines suggest caution.
- Investors should consider the mixed analyst ratings and the company's financial health when making investment decisions.
**Note**: The information used in this analysis was current as of July 5, 2024.