Fortuna Silver Mines (TSE:FVI) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Key Points

• Analysts at Canaccord Genuity Group increased the target price for Fortuna Silver Mines from C$10.50 to C$15.00, suggesting a potential upside of 22.15% from its current trading price.
• Fortuna Silver Mines' stock price is currently at C$12.28, reflecting recent trading activity with a volume of over 1 million shares.
• The company operates various mining projects across multiple countries, including Argentina, Mexico, and Peru, focusing on precious and base metals.

Fortuna Silver Mines (TSE:FVI - Get Free Report) NYSE: FSM had its target price boosted by investment analysts at Canaccord Genuity Group from C$10.50 to C$15.00 in a note issued to investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group's price objective would indicate a potential upside of 22.15% from the stock's current price.

Fortuna Silver Mines Stock Performance

Fortuna Silver Mines stock traded down C$0.12 during midday trading on Thursday, hitting C$12.28. The company's stock had a trading volume of 1,056,783 shares, compared to its average volume of 1,089,909. Fortuna Silver Mines has a 1-year low of C$5.96 and a 1-year high of C$12.90. The company has a debt-to-equity ratio of 13.30, a current ratio of 1.94 and a quick ratio of 1.15. The company has a 50-day moving average price of C$10.43 and a two-hundred day moving average price of C$9.26. The company has a market cap of C$3.77 billion, a price-to-earnings ratio of 24.56 and a beta of 1.38.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire.

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