National Bankshares set a C$9.00 target price on Fortuna Silver Mines (TSE:FVI – Free Report) (NYSE:FSM) in a research report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
A number of other research analysts have also issued reports on the stock. BMO Capital Markets upped their price target on shares of Fortuna Silver Mines from C$6.50 to C$8.00 in a research note on Thursday, May 9th. CIBC upped their target price on Fortuna Silver Mines from C$8.00 to C$9.25 and gave the company a neutral rating in a research report on Wednesday, May 22nd. Finally, Canaccord Genuity Group lifted their price target on Fortuna Silver Mines from C$6.00 to C$7.50 in a research report on Tuesday, April 23rd.
Read Our Latest Research Report on FVI
Fortuna Silver Mines Trading Up 0.4 %
Fortuna Silver Mines (TSE:FVI – Get Free Report) (NYSE:FSM) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.12 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.08. The business had revenue of C$303.26 million for the quarter. Fortuna Silver Mines had a negative return on equity of 2.02% and a negative net margin of 3.98%. On average, research analysts predict that Fortuna Silver Mines will post 0.5029656 earnings per share for the current fiscal year.
Insider Buying and Selling
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 value of C$26,617.11. In other Fortuna Silver Mines news, Senior Officer David Whittle sold 5,421 shares of the business’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. Also, Senior Officer Eric Chapman sold 12,195 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$7.74, for a total value of C$94,389.30. Insiders sold a total of 91,516 shares of company stock valued at $634,632 over the last 90 days. Insiders own 0.87% 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.
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