National Bankshares Lowers Fortuna Silver Mines (TSE:FVI) Price Target to C$7.50

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective cut by National Bankshares from C$7.75 to C$7.50 in a report released on Friday, BayStreet.CA reports.

Other equities analysts have also issued reports about the stock. CIBC boosted their price target on shares of Fortuna Silver Mines from C$7.00 to C$8.00 in a research report on Monday, April 15th. BMO Capital Markets decreased 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 Trading Down 4.2 %

Shares of FVI stock opened at C$6.13 on Friday. 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 firm has a market capitalization of C$1.88 billion, a P/E ratio of -26.65 and a beta of 1.66. The firm’s fifty day simple moving average is C$4.86 and its 200 day simple moving average is 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 posted its quarterly earnings results on Wednesday, March 6th. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). The business 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%. As a group, sell-side analysts predict that Fortuna Silver Mines will post 0.1223118 EPS for the current year.

Insider Buying and Selling

In other Fortuna Silver Mines news, Senior Officer David Whittle sold 5,421 shares of the firm’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. In other Fortuna Silver Mines news, Senior Officer David Whittle sold 5,421 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of C$4.91, for a total transaction of C$26,617.11. Also, Senior Officer Eric Chapman sold 48,900 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$6.41, for a total value of C$313,375.65. Corporate 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.