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

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective upped by CIBC from C$7.00 to C$8.00 in a report published on Monday, BayStreet.CA reports.

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

Fortuna Silver Mines Stock Down 1.0 %

FVI stock opened at C$6.23 on Monday. The stock’s 50 day simple moving average is C$4.77 and its 200 day simple moving average is C$4.62. Fortuna Silver Mines has a fifty-two week low of C$3.56 and a fifty-two week 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. The company has a market cap of C$1.91 billion, a P/E ratio of -27.09 and a beta of 1.66.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued its quarterly earnings data on Wednesday, March 6th. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 3.39% and a negative net margin of 6.03%. On average, research analysts expect that Fortuna Silver Mines will post 0.1223118 earnings per share for the current fiscal year.

Insider Activity at Fortuna Silver Mines

In related news, 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. In other Fortuna Silver Mines news, Senior Officer Eric Chapman sold 48,900 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of C$6.41, for a total transaction of C$313,375.65. Also, Senior Officer David Whittle sold 5,421 shares of the stock in a transaction 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. 0.77% of the stock is owned by company insiders.

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.