Fortuna Silver Mines - FVI Stock Forecast, Price & News

Fortuna Silver Mines Inc. engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire. The company was formerly known as Fortuna Ventures Inc. and changed its name to Fortuna Silver Mines Inc. in June 2005. Fortuna Silver Mines Inc. was incorporated in 1990 and is based in Vancouver, Canada.

Fortuna Silver Mines Stock Performance

Shares of Fortuna Silver Mines stock remained flat at C$3.44 on Monday. 812,249 shares of the stock were exchanged, compared to its average volume of 876,360. Fortuna Silver Mines has a 52-week low of C$3.09 and a 52-week high of C$6.95. The stock has a market capitalization of C$1.00 billion and a P/E ratio of 16.38. The company has a current ratio of 2.26, a quick ratio of 1.46 and a debt-to-equity ratio of 16.80. The stock's 50-day moving average price is C$3.72 and its 200 day moving average price is C$4.37.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Laurentian reduced their price target on shares of Fortuna Silver Mines from C$6.00 to C$4.75 in a research report on Tuesday, July 12th. CIBC dropped their price objective on shares of Fortuna Silver Mines from C$5.50 to C$5.00 and set a "neutral" rating on the stock in a report on Friday. BMO Capital Markets dropped their price objective on shares of Fortuna Silver Mines from C$6.25 to C$5.75 in a report on Thursday. National Bankshares dropped their price objective on shares of Fortuna Silver Mines from C$4.50 to C$4.25 and set a "sector perform" rating on the stock in a report on Monday. Finally, Pi Financial raised shares of Fortuna Silver Mines from a "neutral" rating to a "buy" rating in a report on Monday, June 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Fortuna Silver Mines presently has an average rating of "Hold" and an average target price of C$5.46.

Insider Transactions at Fortuna Silver Mines

In other news, Director Jorge A. Ganoza Durant purchased 40,000 shares of the stock in a transaction dated Wednesday, July 6th. The shares were purchased at an average cost of C$3.26 per share, with a total value of C$130,548.00. Following the completion of the acquisition, the director now owns 2,068,131 shares in the company, valued at approximately C$6,749,759.14.