CIBC Raises Fortuna Silver Mines (TSE:FVI) Price Target to C$8.00

Fortuna Silver Mines (TSE:FVI - Free Report) NYSE: FSM had its target price hoisted by CIBC from C$7.00 to C$8.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

Several other analysts have also commented on FVI. BMO Capital Markets reduced their price target on shares of Fortuna Silver Mines from C$7.00 to C$6.50 in a research report on Friday, March 8th. National Bankshares decreased their price objective on shares of Fortuna Silver Mines from C$5.35 to C$5.00 in a report on Tuesday, March 12th.

Fortuna Silver Mines Stock Performance

FVI stock traded down C$0.06 during midday trading on Monday, hitting C$6.31. 858,830 shares of the stock traded hands, compared to its average volume of 660,170. The stock's fifty day simple moving average is C$4.60 and its 200-day simple moving average is C$4.56. The firm has a market cap of C$1.93 billion, a P/E ratio of -27.61 and a beta of 1.66. Fortuna Silver Mines has a 1-year low of C$3.56 and a 1-year high of C$6.80. The company has a debt-to-equity ratio of 20.51, a current ratio of 1.37 and a quick ratio of 1.15.

Fortuna Silver Mines (TSE:FVI - Get Free Report) NYSE: FSM last issued its quarterly earnings results on Wednesday, March 6th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.11 by C($0.01). The business had revenue of C$361.23 million for the quarter. Fortuna Silver Mines had a negative return on equity of 3.39% and a negative net margin of 6.03%. On average, analysts expect that Fortuna Silver Mines will post 0.1223118 earnings per share for the current year.

Insider Activity at Fortuna Silver Mines

In other Fortuna Silver Mines news, Senior Officer David Whittle sold 5,421 shares of the company's stock in a transaction dated Friday, April 12th. The stock was sold at an average price of C$4.91, for a total transaction of C$26,617.11. In other Fortuna Silver Mines news, Senior Officer David Whittle sold 5,421 shares of the business's stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of C$4.91, for a total transaction of C$26,617.11. Also, Senior Officer Eric Chapman sold 48,900 shares of the company's stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$6.41, for a total value of C$313,375.65. Company insiders own 0.77% of the company's stock.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.