BMO Capital Markets Increases Fortuna Silver Mines (TSE:FVI) Price Target to C$17.00

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective boosted by equities research analysts at BMO Capital Markets from C$15.00 to C$17.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 17.32% from the company’s previous close.

FVI has been the topic of a number of other research reports. National Bankshares upgraded Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$14.25 to C$15.00 in a research report on Tuesday, November 25th. Scotiabank raised Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Finally, Canaccord Genuity Group lifted their price target on Fortuna Silver Mines from C$10.50 to C$15.00 in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Fortuna Silver Mines presently has an average rating of “Hold” and an average price target of C$13.50.

Fortuna Silver Mines Price Performance

FVI stock traded up C$0.20 during mid-day trading on Friday, reaching C$14.49. 787,369 shares of the company traded hands, compared to its average volume of 1,065,047. The company has a fifty day moving average price of C$13.20 and a 200-day moving average price of C$11.50. The company has a debt-to-equity ratio of 13.30, a current ratio of 1.94 and a quick ratio of 1.15. The company has a market capitalization of C$4.42 billion, a P/E ratio of 19.58 and a beta of 1.72. Fortuna Silver Mines has a 52-week low of C$5.99 and a 52-week high of C$15.00.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its earnings results on Wednesday, November 5th. The company reported C$0.17 earnings per share (EPS) for the quarter. The business had revenue of C$350.00 million for the quarter. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 1.91%. As a group, analysts anticipate that Fortuna Silver Mines will post 0.7856273 earnings per share for the current year.

Insider Buying and Selling

In other Fortuna Silver Mines news, insider Luis Dario Ganoza Durant sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of C$13.73, for a total value of C$96,110.00. Following the sale, the insider owned 406,412 shares of the company’s stock, valued at C$5,580,036.76. This trade represents a 1.69% decrease in their position. In the last three months, insiders have sold 50,000 shares of company stock worth $687,360. Corporate insiders own 0.83% of the company’s stock.

About Fortuna Silver Mines

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc, is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan.