Fortuna Silver Mines (TSE:FVI) PT Raised to C$9.00

Fortuna Silver Mines (TSE:FVI - Get Free Report) NYSE: FSM had its target price raised by analysts at National Bankshares from C$7.75 to C$9.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' price target suggests a potential upside of 13.35% from the company's previous close.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their target price on shares of Fortuna Silver Mines from C$6.50 to C$8.00 in a research report on Thursday, May 9th. Canaccord Genuity Group lifted their target price on shares of Fortuna Silver Mines from C$6.00 to C$7.50 in a research report on Tuesday, April 23rd. Finally, CIBC raised their price target on shares of Fortuna Silver Mines from C$7.00 to C$8.00 in a research note on Monday, April 15th.

Fortuna Silver Mines Stock Performance

Shares of Fortuna Silver Mines stock traded up C$0.55 during mid-day trading on Friday, hitting C$7.94. 1,350,861 shares of the stock were exchanged, compared to its average volume of 702,931. Fortuna Silver Mines has a 12 month low of C$3.56 and a 12 month high of C$7.95. The company has a 50-day simple moving average of C$5.89 and a 200 day simple moving average of C$5.00. The company has a debt-to-equity ratio of 20.51, a quick ratio of 1.15 and a current ratio of 1.37. The company has a market capitalization of C$2.43 billion, a P/E ratio of -34.30 and a beta of 1.66.

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). Fortuna Silver Mines had a negative return on equity of 3.39% and a negative net margin of 6.03%. The firm had revenue of C$361.23 million for the quarter. Sell-side analysts anticipate that Fortuna Silver Mines will post 0.1371267 earnings per share for the current fiscal year.

Insider Transactions at Fortuna Silver Mines

In related news, Senior Officer David Whittle sold 5,421 shares of Fortuna Silver Mines 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 related news, Senior Officer David Whittle sold 5,421 shares of Fortuna Silver Mines 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. Also, Senior Officer Eric Chapman sold 12,195 shares of Fortuna Silver Mines stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$7.74, for a total transaction of C$94,389.30. Insiders sold a total of 66,516 shares of company stock worth $434,382 in the last quarter. 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.