Fortuna Silver Mines (TSE:FVI) Sets New 1-Year High at $8.07

Shares of Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$8.07 and last traded at C$8.06, with a volume of 260353 shares. The stock had previously closed at C$7.94.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FVI shares. Canaccord Genuity Group lifted their price objective on Fortuna Silver Mines from C$6.00 to C$7.50 in a report on Tuesday, April 23rd. BMO Capital Markets boosted their price target on Fortuna Silver Mines from C$6.50 to C$8.00 in a report on Thursday, May 9th. National Bankshares boosted their price target on Fortuna Silver Mines from C$7.75 to C$9.00 and gave the stock a “sector perform” rating in a report on Friday, May 17th. Finally, CIBC boosted their price target on Fortuna Silver Mines from C$8.00 to C$9.25 and gave the stock a “neutral” rating in a report on Wednesday.

Fortuna Silver Mines Stock Performance

The firm has a market cap of C$2.39 billion, a PE ratio of -48.88 and a beta of 1.60. The company has a debt-to-equity ratio of 16.86, a current ratio of 1.27 and a quick ratio of 1.15. The stock has a 50-day moving average price of C$6.16 and a 200 day moving average price of C$5.12.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly 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 3.98% and a negative return on equity of 2.02%. The firm had revenue of C$361.23 million for the quarter. Research analysts forecast that Fortuna Silver Mines Inc. will post 0.2874728 earnings per share for the current year.

Insider Buying and Selling at Fortuna Silver Mines

In other Fortuna Silver Mines news, Senior Officer Eric Chapman sold 48,900 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$6.41, for a total transaction of C$313,375.65. In related news, Senior Officer David Whittle sold 5,421 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of C$4.91, for a total value of C$26,617.11. Also, Senior Officer Eric Chapman sold 48,900 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$6.41, for a total value of C$313,375.65. Over the last 90 days, insiders sold 91,516 shares of company stock valued at $634,632. Company 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.