Fortuna Silver Mines Inc. (TSE:FVI) Given Consensus Rating of “Hold” by Brokerages

Shares of Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) have been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$15.75.

FVI has been the topic of a number of recent analyst reports. CIBC upgraded shares of Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from C$9.00 to C$16.00 in a research report on Wednesday. National Bankshares upgraded shares of Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$14.25 to C$15.00 in a research note on Tuesday, November 25th. Scotiabank raised Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. Cibc Captl Mkts raised Fortuna Silver Mines from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, BMO Capital Markets lifted their price target on Fortuna Silver Mines from C$15.00 to C$17.00 in a research report on Friday, January 16th.

Insider Transactions at Fortuna Silver Mines

In other Fortuna Silver Mines news, insider Luis Dario Ganoza Durant sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of C$13.75, for a total value of C$343,750.00. Following the sale, the insider directly owned 381,412 shares in the company, valued at approximately C$5,244,415. The trade was a 6.15% decrease in their ownership of the stock. Insiders sold 50,000 shares of company stock worth $687,360 over the last quarter. 0.83% of the stock is owned by insiders.

Fortuna Silver Mines Trading Down 5.3%

Shares of FVI stock opened at C$13.70 on Thursday. The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.15 and a current ratio of 1.94. Fortuna Silver Mines has a 1 year low of C$5.99 and a 1 year high of C$17.14. The stock has a fifty day moving average of C$14.02 and a two-hundred day moving average of C$12.10. The firm has a market capitalization of C$4.18 billion, a PE ratio of 18.51 and a beta of 1.87.

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

Fortuna Silver Mines Company Profile

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.