Fortuna Silver Mines (TSE:FVI) PT Raised to C$7.50

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price target boosted by equities research analysts at Canaccord Genuity Group from C$6.00 to C$7.50 in a research note issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price suggests a potential upside of 17.74% from the stock’s current price.

Several other equities research analysts also recently commented on the company. CIBC increased their price objective on Fortuna Silver Mines from C$7.00 to C$8.00 in a report on Monday, April 15th. BMO Capital Markets lowered their price objective on shares of Fortuna Silver Mines from C$7.00 to C$6.50 in a research note on Friday, March 8th. Finally, National Bankshares lowered their price target on Fortuna Silver Mines from C$7.75 to C$7.50 in a research report on Friday, April 19th.

Fortuna Silver Mines Stock Performance

Shares of TSE:FVI opened at C$6.37 on Tuesday. The company’s 50-day moving average price is C$4.97 and its two-hundred day moving average price is C$4.70. 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 current ratio of 1.37 and a quick ratio of 1.15. The stock has a market capitalization of C$1.95 billion, a PE ratio of -27.70 and a beta of 1.66.

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

Insider Activity

In related news, Senior Officer David Whittle sold 5,421 shares of Fortuna Silver Mines stock in a transaction dated 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 other news, Senior Officer David Whittle sold 5,421 shares of the 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 transaction of C$26,617.11. Also, Senior Officer Eric Chapman sold 48,900 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$6.41, for a total value of C$313,375.65. 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.