BMO Capital Markets Increases Fortuna Silver Mines (TSE:FVI) Price Target to C$8.00

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective raised by equities research analysts at BMO Capital Markets from C$6.50 to C$8.00 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 13.64% from the company’s previous close.

A number of other research analysts have also recently issued reports on FVI. CIBC raised their price objective on Fortuna Silver Mines from C$7.00 to C$8.00 in a research note on Monday, April 15th. Canaccord Genuity Group boosted their price target on shares of Fortuna Silver Mines from C$6.00 to C$7.50 in a research report on Tuesday, April 23rd. Finally, National Bankshares lowered their price objective on shares of Fortuna Silver Mines from C$7.75 to C$7.50 in a report on Friday, April 19th.

Fortuna Silver Mines Price Performance

TSE FVI traded up C$0.44 during trading on Thursday, reaching C$7.04. The company’s stock had a trading volume of 1,111,204 shares, compared to its average volume of 678,875. The firm has a fifty day moving average of C$5.52 and a 200 day moving average of C$4.88. Fortuna Silver Mines has a one year low of C$3.56 and a one year high of C$7.12. The stock has a market capitalization of C$2.15 billion, a PE ratio of -30.61 and a beta of 1.66. The company has a debt-to-equity ratio of 20.51, a current ratio of 1.37 and a quick ratio of 1.15.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.11 by C($0.01). Fortuna Silver Mines had a negative return on equity of 3.39% and a negative net margin of 6.03%. The company had revenue of C$361.23 million during the quarter. Analysts expect that Fortuna Silver Mines will post 0.1371267 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Eric Chapman sold 48,900 shares of the firm’s 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. In other news, Senior Officer David Whittle sold 5,421 shares of the firm’s 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. Also, Senior Officer Eric Chapman sold 48,900 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$6.41, for a total transaction of C$313,375.65. Company insiders own 0.77% of the company’s stock.

About Fortuna Silver Mines

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.