Fortuna Silver Mines (TSE:FVI) Price Target Cut to C$7.50 by Analysts at National Bankshares

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its target price reduced by National Bankshares from C$7.75 to C$7.50 in a research note issued to investors on Friday morning, BayStreet.CA reports.

FVI has been the topic of a number of other reports. BMO Capital Markets cut their price target on Fortuna Silver Mines from C$7.00 to C$6.50 in a report on Friday, March 8th. CIBC boosted their price target on Fortuna Silver Mines from C$7.00 to C$8.00 in a report on Monday, April 15th.

Fortuna Silver Mines Stock Performance

FVI stock opened at C$6.40 on Friday. The business’s 50-day moving average price is C$4.82 and its two-hundred day moving average price is C$4.64. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 20.51. The firm has a market cap of C$1.96 billion, a PE ratio of -27.83 and a beta of 1.66. Fortuna Silver Mines has a 1-year low of C$3.56 and a 1-year high of C$6.80.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued its quarterly earnings results on Wednesday, March 6th. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). The firm had revenue of C$361.23 million during the quarter. Fortuna Silver Mines had a negative net margin of 6.03% and a negative return on equity of 3.39%. As a group, research analysts forecast that Fortuna Silver Mines will post 0.1223118 earnings per share for the current year.

Insider Activity at Fortuna Silver Mines

In related news, Senior Officer David Whittle sold 5,421 shares of Fortuna Silver Mines stock in a transaction dated Friday, April 12th. The stock was 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 Fortuna Silver Mines stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$6.41, for a total value of C$313,375.65. Also, 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. 0.77% of the stock is owned by company insiders.

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.