Fortuna Silver Mines (TSE:FVI) PT Raised to C$8.00

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price target upped by equities researchers at CIBC from C$7.00 to C$8.00 in a research note issued to investors on Monday, BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 26.98% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. National Bankshares decreased their target price on Fortuna Silver Mines from C$5.35 to C$5.00 in a research note on Tuesday, March 12th. BMO Capital Markets reduced their price objective on shares of Fortuna Silver Mines from C$7.00 to C$6.50 in a research report on Friday, March 8th.

Fortuna Silver Mines Price Performance

Shares of FVI opened at C$6.30 on Monday. The firm has a market capitalization of C$1.93 billion, a price-to-earnings ratio of -27.39 and a beta of 1.66. The stock’s fifty day moving average is C$4.68 and its 200-day moving average is C$4.60. Fortuna Silver Mines has a one year low of C$3.56 and a one year high of C$6.80. The company has a debt-to-equity ratio of 20.51, a quick ratio of 1.15 and a current ratio of 1.37.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its earnings results on Wednesday, March 6th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.01). The company had revenue of C$361.23 million for the quarter. Fortuna Silver Mines had a negative net margin of 6.03% and a negative return on equity of 3.39%. Equities analysts anticipate that Fortuna Silver Mines will post 0.1223118 EPS for the current year.

Insider Buying and Selling at Fortuna Silver Mines

In other news, Senior Officer David Whittle sold 5,421 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of C$4.91, for a total transaction of C$26,617.11. In related news, Senior Officer Eric Chapman sold 48,900 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$6.41, for a total value of C$313,375.65. Also, Senior Officer David Whittle sold 5,421 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$4.91, for a total value of C$26,617.11. Corporate insiders own 0.77% of the company’s stock.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.