Canaccord Genuity Group Boosts Fortuna Silver Mines (TSE:FVI) Price Target to C$8.00

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its target price lifted by Canaccord Genuity Group from C$7.50 to C$8.00 in a report issued on Tuesday, BayStreet.CA reports.

Several other brokerages have also commented on FVI. CIBC upped their price target on shares of Fortuna Silver Mines from C$8.00 to C$9.25 and gave the stock a neutral rating in a research report on Wednesday, May 22nd. BMO Capital Markets increased their price objective on shares of Fortuna Silver Mines from C$6.50 to C$8.00 in a research report on Thursday, May 9th. Finally, National Bankshares set a C$9.00 price objective on shares of Fortuna Silver Mines and gave the stock a sector perform rating in a research report on Tuesday, June 11th.

Fortuna Silver Mines Stock Performance

Shares of FVI stock opened at C$6.42 on Tuesday. Fortuna Silver Mines has a one year low of C$3.56 and a one year high of C$8.68. The company has a debt-to-equity ratio of 16.86, a quick ratio of 1.15 and a current ratio of 1.27. The company has a 50 day moving average price of C$7.25 and a 200 day moving average price of C$5.83. The firm has a market capitalization of C$1.97 billion, a price-to-earnings ratio of -40.13 and a beta of 1.60.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.12 EPS for the quarter, topping the consensus estimate of C$0.04 by C$0.08. Fortuna Silver Mines had a negative net margin of 3.98% and a negative return on equity of 2.02%. The firm had revenue of C$303.26 million during the quarter. Sell-side analysts anticipate that Fortuna Silver Mines will post 0.5029656 EPS for the current year.

Insider Activity

In other news, Senior Officer Eric Chapman sold 12,195 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$7.74, for a total value of C$94,389.30. 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.