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

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its target price increased by analysts at Canaccord Genuity Group from C$6.00 to C$7.50 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price suggests a potential upside of 17.19% from the company’s current price.

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

Fortuna Silver Mines Trading Up 4.4 %

TSE FVI traded up C$0.27 during trading hours on Tuesday, reaching C$6.40. The company had a trading volume of 404,097 shares, compared to its average volume of 662,669. 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 stock has a market capitalization of C$1.96 billion, a P/E ratio of -27.70 and a beta of 1.66. The stock has a 50-day moving average of C$4.86 and a 200 day moving average of C$4.67. Fortuna Silver Mines has a 1-year low of C$3.56 and a 1-year high of C$6.80.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced 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). The business had revenue of C$361.23 million during the quarter. Fortuna Silver Mines had a negative net margin of 6.03% and a negative return on equity of 3.39%. As a group, research analysts anticipate that Fortuna Silver Mines will post 0.1223118 earnings per share for the current fiscal year.

Insider Activity at Fortuna Silver Mines

In other news, Senior Officer David Whittle sold 5,421 shares of the company’s stock in a transaction on Friday, April 12th. The stock was 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 firm’s stock in a transaction that occurred on Monday, April 8th. The stock was 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 firm’s 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. 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.