Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM's stock price shot up 9.1% during trading on Thursday . The stock traded as high as C$14.81 and last traded at C$14.68. 197,521 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 1,160,157 shares. The stock had previously closed at C$13.46.
Wall Street Analyst Weigh In
Several research firms recently commented on FVI. BMO Capital Markets boosted their price target on Fortuna Silver Mines from C$15.00 to C$17.00 in a research note on Friday, January 16th. Canadian Imperial Bank of Commerce upgraded 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 note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$15.75.
Read Our Latest Report on Fortuna Silver Mines
Fortuna Silver Mines Price Performance
The company has a 50 day simple moving average of C$14.56 and a 200-day simple moving average of C$13.84. The stock has a market cap of C$4.34 billion, a price-to-earnings ratio of 15.84 and a beta of 2.62. The company has a quick ratio of 1.15, a current ratio of 2.98 and a debt-to-equity ratio of 15.92.
Fortuna Silver Mines (TSE:FVI - Get Free Report) NYSE: FSM last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.50 earnings per share (EPS) for the quarter. Fortuna Silver Mines had a return on equity of 18.47% and a net margin of 27.64%.The firm had revenue of C$476.14 million for the quarter. As a group, research analysts anticipate that Fortuna Silver Mines Inc. will post 0.7856273 EPS for the current fiscal year.
About Fortuna Silver Mines
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Get Free Report)
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.
Further Reading
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