Fortuna Silver Mines (TSE:FVI) PT Raised to C$8.00

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its target price increased by equities researchers at BMO Capital Markets from C$6.50 to C$8.00 in a note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 13.64% from the company’s previous close.

A number of other research firms have also commented on FVI. Canaccord Genuity Group lifted 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. CIBC lifted their target price on shares of Fortuna Silver Mines from C$7.00 to C$8.00 in a report on Monday, April 15th. Finally, National Bankshares decreased their price target on shares of Fortuna Silver Mines from C$7.75 to C$7.50 in a report on Friday, April 19th.

Fortuna Silver Mines Stock Up 6.7 %

Shares of TSE FVI traded up C$0.44 during trading hours on Thursday, hitting C$7.04. The stock had a trading volume of 1,111,204 shares, compared to its average volume of 678,875. The company has a market capitalization of C$2.15 billion, a P/E ratio of -30.61 and a beta of 1.66. Fortuna Silver Mines has a 52 week low of C$3.56 and a 52 week high of C$7.12. The firm’s 50-day moving average price is C$5.52 and its two-hundred day moving average price is C$4.88. The company has a debt-to-equity ratio of 20.51, a quick ratio of 1.15 and a current ratio of 1.37.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its quarterly earnings results on Wednesday, March 6th. The company reported C$0.10 earnings per share (EPS) 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 for the quarter. Analysts anticipate that Fortuna Silver Mines will post 0.1371267 EPS for the current fiscal year.

Insider Buying and Selling at Fortuna Silver Mines

In other news, Senior Officer David Whittle sold 5,421 shares of the company’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. In related news, Senior Officer David Whittle sold 5,421 shares of the company’s stock in a transaction 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 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 value of C$313,375.65. 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.