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

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective increased by Canaccord Genuity Group from C$6.00 to C$7.50 in a research note released on Tuesday morning, BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. CIBC lifted their price objective on shares of Fortuna Silver Mines from C$7.00 to C$8.00 in a report on Monday, April 15th. National Bankshares reduced their price target on shares of Fortuna Silver Mines from C$7.75 to C$7.50 in a report on Friday, April 19th. Finally, BMO Capital Markets reduced their price target on shares of Fortuna Silver Mines from C$7.00 to C$6.50 in a report on Friday, March 8th.

Fortuna Silver Mines Stock Up 2.7 %

Shares of TSE:FVI opened at C$6.54 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 20.51. The company has a fifty day simple moving average of C$5.02 and a 200 day simple moving average of C$4.71. The firm has a market cap of C$2.01 billion, a PE ratio of -28.43 and a beta of 1.66. Fortuna Silver Mines has a 12-month low of C$3.56 and a 12-month high of C$6.80.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released 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 business had revenue of C$361.23 million during the quarter. Fortuna Silver Mines had a negative return on equity of 3.39% and a negative net margin of 6.03%. On average, equities research analysts anticipate that Fortuna Silver Mines will post 0.1223118 EPS for the current fiscal year.

Insider Activity at Fortuna Silver Mines

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 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 shares were sold at an average price of C$6.41, for a total value of C$313,375.65. Also, 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 transaction of C$26,617.11. 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.