Canaccord Genuity Group Increases Fortuna Silver Mines (TSE:FVI) Price Target to C$7.50

Fortuna Silver Mines (TSE:FVI - Get Free Report) NYSE: FSM had its price target raised by stock analysts at Canaccord Genuity Group from C$6.00 to C$7.50 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group's price target would suggest a potential upside of 17.74% from the stock's previous close.

Several other equities research analysts also recently issued reports on the company. BMO Capital Markets lowered their price target on Fortuna Silver Mines from C$7.00 to C$6.50 in a research report on Friday, March 8th. CIBC raised their price target on Fortuna Silver Mines from C$7.00 to C$8.00 in a research report on Monday, April 15th. Finally, National Bankshares lowered their price target on Fortuna Silver Mines from C$7.75 to C$7.50 in a research report on Friday.

Fortuna Silver Mines Stock Up 3.9 %

Fortuna Silver Mines stock traded up C$0.24 during mid-day trading on Tuesday, hitting C$6.37. 1,023,839 shares of the company's stock were exchanged, compared to its average volume of 670,758. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 20.51. The stock has a market cap of C$1.95 billion, a P/E ratio of -27.83 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 stock has a 50 day moving average of C$4.86 and a two-hundred day moving average of C$4.67.

Fortuna Silver Mines (TSE:FVI - Get Free Report) NYSE: FSM last posted its earnings results on Wednesday, March 6th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate 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%. As a group, analysts anticipate that Fortuna Silver Mines will post 0.1223118 EPS for the current fiscal year.

Insider Buying and Selling

In other Fortuna Silver Mines news, Senior Officer David Whittle sold 5,421 shares of the firm's stock in a transaction dated Friday, April 12th. The shares were 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 firm's stock in a transaction dated 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 firm's stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$6.41, for a total transaction of C$313,375.65. 0.77% of the stock is owned by company insiders.

About Fortuna Silver Mines

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.