Fortuna Silver Mines (TSE:FVI) Upgraded at National Bankshares

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) was upgraded by equities research analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a C$15.00 price target on the stock, up from their prior price target of C$14.25. National Bankshares’ price objective would suggest a potential upside of 13.64% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Canaccord Genuity Group boosted their target price on shares of Fortuna Silver Mines from C$10.50 to C$15.00 in a report on Thursday, October 2nd. Scotiabank upgraded shares of Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$12.33.

Fortuna Silver Mines Price Performance

Fortuna Silver Mines stock traded up C$0.40 during mid-day trading on Tuesday, hitting C$13.20. The stock had a trading volume of 619,322 shares, compared to its average volume of 1,157,265. Fortuna Silver Mines has a one year low of C$5.99 and a one year high of C$13.77. The company has a current ratio of 1.94, a quick ratio of 1.15 and a debt-to-equity ratio of 13.30. The firm has a market capitalization of C$4.05 billion, a P/E ratio of 17.84 and a beta of 1.72. The firm’s 50 day moving average is C$11.87 and its 200 day moving average is C$10.21.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its earnings results on Wednesday, November 5th. The company reported C$0.38 earnings per share (EPS) for the quarter. Fortuna Silver Mines had a return on equity of 1.91% and a net margin of 2.45%.The firm had revenue of C$350.00 million during the quarter. On average, sell-side analysts forecast that Fortuna Silver Mines will post 0.7856273 earnings per share for the current fiscal year.

About Fortuna Silver Mines

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc, is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc.