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Stock impact report

Fortuna Silver (FSM) Hits 52-Week High: What's Driving It? [Yahoo! Finance]

Fortuna Silver Mines Inc Ordinary Shares (Canada) (FSM) 
Last fortuna silver mines inc ordinary shares (canada) earnings: 3/11 06:56 pm Check Earnings Report
US:NYSE Investor Relations: fortunasilver.com/investors
Company Research Source: Yahoo! Finance
The company's share price boosted as gold prices hit record levels due to multiple factors like U.S. interest rate cut bets, geopolitical tensons, speculative buying and central bank purchases. FSM has a market capitalization of $1.44 billion and carries a Zacks Rank #3 (Hold) at present. Shares of Fortuna Silver have risen 31.9% in the past three months compared with the industry's 25.5% growth. Image Source: Zacks Investment Research Fortuna Silver's shares have surged 54% since it reported fourth-quarter 2023 results on Mar 6, 2024. The company reported adjusted earnings per share of 7 cents, which marked a solid 250% improvement year over year. Its results were aided by higher gold sales volume and improved gold prices. Quarterly revenues surged 61% year over year to $265 million on higher gold sales volumes and prices. The improvement in gold sales volume was mainly attributed to the contribution of Séguéla in its second full quarter of production and increased sales at Show less Read more
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