Fortuna Silver Mines (TSE:FVI) PT Raised to C$8.00

Fortuna Silver Mines (TSE:FVI - Get Free Report) NYSE: FSM had its target price boosted by investment analysts at BMO Capital Markets from C$6.50 to C$8.00 in a research note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets' price objective indicates a potential upside of 12.83% from the company's current price.

FVI has been the topic of a number of other research reports. CIBC upped their price objective on Fortuna Silver Mines from C$7.00 to C$8.00 in a research report on Monday, April 15th. National Bankshares decreased their price objective on shares of Fortuna Silver Mines from C$7.75 to C$7.50 in a research note on Friday, April 19th. Finally, Canaccord Genuity Group increased their target price on shares of Fortuna Silver Mines from C$6.00 to C$7.50 in a research note on Tuesday, April 23rd.

Fortuna Silver Mines Trading Up 7.4 %

FVI traded up C$0.49 on Thursday, hitting C$7.09. The company had a trading volume of 1,594,739 shares, compared to its average volume of 684,442. The company's fifty day moving average price is C$5.59 and its 200 day moving average price is C$4.89. Fortuna Silver Mines has a 1 year low of C$3.56 and a 1 year high of C$7.12. 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 firm has a market cap of C$2.17 billion, a P/E ratio of -30.83 and a beta of 1.66.

Fortuna Silver Mines (TSE:FVI - Get Free Report) NYSE: FSM last announced its 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 firm had revenue of C$361.23 million during the quarter. Fortuna Silver Mines had a negative net margin of 6.03% and a negative return on equity of 3.39%. As a group, equities analysts expect that Fortuna Silver Mines will post 0.1371267 earnings per share for the current year.

Insider Buying and Selling at Fortuna Silver Mines

In other news, Senior Officer David Whittle sold 5,421 shares of the 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 value of C$26,617.11. In other news, Senior Officer Eric Chapman sold 48,900 shares of the 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. Also, Senior Officer David Whittle sold 5,421 shares of the firm's stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$4.91, for a total transaction of C$26,617.11. 0.77% of the stock is currently owned by corporate insiders.

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.