CIBC Raises Fortuna Silver Mines (TSE:FVI) Price Target to C$8.00

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective hoisted by CIBC from C$7.00 to C$8.00 in a research note released on Monday morning, BayStreet.CA reports.

Several other equities analysts also recently weighed in on FVI. National Bankshares reduced their target price on shares of Fortuna Silver Mines from C$5.35 to C$5.00 in a research note on Tuesday, March 12th. BMO Capital Markets lowered their price objective on shares of Fortuna Silver Mines from C$7.00 to C$6.50 in a report on Friday, March 8th.

Fortuna Silver Mines Stock Down 0.2 %

FVI opened at C$6.29 on Monday. The company has a debt-to-equity ratio of 20.51, a current ratio of 1.37 and a quick ratio of 1.15. The company’s 50-day moving average is C$4.73 and its 200 day moving average is C$4.61. Fortuna Silver Mines has a fifty-two week low of C$3.56 and a fifty-two week high of C$6.80. The firm has a market capitalization of C$1.93 billion, a P/E ratio of -27.35 and a beta of 1.66.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.01). The company had revenue of C$361.23 million during the quarter. Fortuna Silver Mines had a negative return on equity of 3.39% and a negative net margin of 6.03%. Research analysts expect that Fortuna Silver Mines will post 0.1223118 earnings per share 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 value of C$26,617.11. In related news, Senior Officer Eric Chapman sold 48,900 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$6.41, for a total transaction of C$313,375.65. Also, Senior Officer David Whittle sold 5,421 shares of the 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. 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.