BMO Capital Markets Forecasts Strong Price Appreciation for Fortuna Silver Mines (TSE:FVI) Stock

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price target boosted by equities research analysts at BMO Capital Markets from C$15.00 to C$17.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 17.32% from the stock’s previous close.

FVI has been the topic of a number of other reports. National Bankshares raised shares of Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$14.25 to C$15.00 in a research report on Tuesday, November 25th. Canaccord Genuity Group lifted their target price on shares of Fortuna Silver Mines from C$10.50 to C$15.00 in a research report on Thursday, October 2nd. Finally, Scotiabank upgraded Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$13.50.

Fortuna Silver Mines Stock Up 1.4%

Shares of FVI stock traded up C$0.20 during trading hours on Friday, reaching C$14.49. The company had a trading volume of 787,369 shares, compared to its average volume of 1,065,047. The company has a market cap of C$4.42 billion, a price-to-earnings ratio of 19.58 and a beta of 1.72. The company has a debt-to-equity ratio of 13.30, a current ratio of 1.94 and a quick ratio of 1.15. Fortuna Silver Mines has a 12 month low of C$5.99 and a 12 month high of C$15.00. The business has a fifty day simple moving average of C$13.20 and a 200-day simple moving average of C$11.50.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.17 EPS for the quarter. The business had revenue of C$350.00 million during the quarter. Fortuna Silver Mines had a return on equity of 1.91% and a net margin of 2.45%. On average, research analysts expect that Fortuna Silver Mines will post 0.7856273 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fortuna Silver Mines news, insider Luis Dario Ganoza Durant sold 7,000 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of C$13.73, for a total transaction of C$96,110.00. Following the completion of the transaction, the insider owned 406,412 shares in the company, valued at C$5,580,036.76. This trade represents a 1.69% decrease in their ownership of the stock. Insiders have sold 50,000 shares of company stock worth $687,360 over the last quarter. 0.83% of the stock is owned by corporate insiders.

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. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan.