National Bank Financial Boosts Fortuna Silver Mines (TSE:FVI) Price Target to C$7.50

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price target boosted by equities research analysts at National Bank Financial from C$7.00 to C$7.50 in a note issued to investors on Thursday, September 5th, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 63.40% from the stock’s current price.

Several other research firms have also recently commented on FVI. CIBC cut their price target on Fortuna Silver Mines from C$6.25 to C$5.25 in a research note on Monday, July 15th. BMO Capital Markets upped their price objective on Fortuna Silver Mines from C$7.50 to C$7.75 in a research note on Friday, August 9th. Pi Financial upped their price objective on Fortuna Silver Mines from C$6.70 to C$7.10 in a research note on Wednesday, July 24th. Finally, Canaccord Genuity cut their price objective on Fortuna Silver Mines from C$6.75 to C$6.00 in a research note on Friday, July 19th.

FVI stock opened at C$4.59 on Thursday. The stock has a 50-day moving average price of C$5.24 and a two-hundred day moving average price of C$4.41. The company has a market cap of $779.02 million and a PE ratio of 35.04. Fortuna Silver Mines has a 12-month low of C$3.22 and a 12-month high of C$6.12. The company has a current ratio of 1.66, a quick ratio of 1.37 and a debt-to-equity ratio of 13.86.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.06 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.05 by C$0.01. The company had revenue of C$90.84 million for the quarter. Equities analysts forecast that Fortuna Silver Mines will post 0.4527835 EPS for the current fiscal year.

In other Fortuna Silver Mines news, Director Jorge A. Ganoza Durant acquired 54,716 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was acquired at an average cost of C$3.92 per share, with a total value of C$214,219.71. Following the acquisition, the director now directly owns 759,444 shares of the company’s stock, valued at approximately C$2,973,314.39.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.

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