CIBC Raises Fortuna Silver Mines (TSE:FVI) Price Target to C$9.25

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its target price raised by CIBC from C$8.00 to C$9.25 in a research note issued to investors on Wednesday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Other analysts have also issued reports about the company. BMO Capital Markets lifted their target price on Fortuna Silver Mines from C$6.50 to C$8.00 in a research report on Thursday, May 9th. National Bankshares lifted their target price on Fortuna Silver Mines from C$7.75 to C$9.00 and gave the stock a sector perform rating in a research report on Friday, May 17th. Finally, Canaccord Genuity Group lifted their target price on Fortuna Silver Mines from C$6.00 to C$7.50 in a research report on Tuesday, April 23rd.

Fortuna Silver Mines Price Performance

Shares of Fortuna Silver Mines stock opened at C$8.31 on Wednesday. Fortuna Silver Mines has a twelve month low of C$3.56 and a twelve month high of C$8.39. The stock has a market capitalization of C$2.54 billion, a P/E ratio of -51.94 and a beta of 1.60. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 16.86. The business’s fifty day moving average price is C$6.30 and its 200 day moving average price is C$5.17.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced 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 return on equity of 2.02% and a negative net margin of 3.98%. The business had revenue of C$361.23 million for the quarter. As a group, research analysts anticipate that Fortuna Silver Mines will post 0.2874728 earnings per share for the current year.

Insider Activity at Fortuna Silver Mines

In related news, Senior Officer David Whittle sold 5,421 shares of the business’s 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. In other Fortuna Silver Mines news, Senior Officer Eric Chapman sold 12,195 shares of Fortuna Silver Mines stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$7.74, for a total value of C$94,389.30. Also, Senior Officer David Whittle sold 5,421 shares of Fortuna Silver Mines stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of C$4.91, for a total value of C$26,617.11. Insiders sold a total of 91,516 shares of company stock valued at $634,632 over the last three months. 0.77% of the stock is owned by insiders.

About Fortuna Silver Mines

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.