Fortuna Silver Mines (TSE:FVI) PT Raised to C$7.50

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price target raised by equities research analysts at Canaccord Genuity Group from C$6.00 to C$7.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 17.19% from the stock’s previous close.

A number of other brokerages have also commented on FVI. BMO Capital Markets cut their target price on Fortuna Silver Mines from C$7.00 to C$6.50 in a research note on Friday, March 8th. CIBC increased their price objective on Fortuna Silver Mines from C$7.00 to C$8.00 in a report on Monday, April 15th. Finally, National Bankshares reduced their target price on Fortuna Silver Mines from C$7.75 to C$7.50 in a research note on Friday.

Fortuna Silver Mines Trading Up 4.4 %

Shares of TSE FVI traded up C$0.27 on Tuesday, reaching C$6.40. 404,097 shares of the company traded hands, compared to its average volume of 662,669. Fortuna Silver Mines has a fifty-two week low of C$3.56 and a fifty-two week high of C$6.80. The company has a 50 day moving average of C$4.86 and a 200 day moving average of C$4.67. 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 stock has a market capitalization of C$1.96 billion, a PE ratio of -27.70 and a beta of 1.66.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced 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 net margin of 6.03% and a negative return on equity of 3.39%. The firm had revenue of C$361.23 million for the quarter. On average, equities research analysts forecast that Fortuna Silver Mines will post 0.1223118 earnings per share for the current fiscal year.

Insider Activity

In other news, 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. In other Fortuna Silver Mines news, Senior Officer David Whittle sold 5,421 shares of the 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 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. 0.77% of the stock is currently owned by corporate insiders.

About Fortuna Silver Mines

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.