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.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FVI. CIBC cut their target price on shares of Fortuna Silver Mines from C$5.50 to C$5.00 and set a "neutral" rating for the company in a research note on Friday. Canaccord Genuity Group boosted their target price on shares of Fortuna Silver Mines from C$5.00 to C$6.00 in a research note on Friday, April 22nd. Laurentian cut their target price on shares of Fortuna Silver Mines from C$6.00 to C$4.75 in a research note on Tuesday, July 12th. Pi Financial raised shares of Fortuna Silver Mines from a "neutral" rating to a "buy" rating in a research note on Monday, June 6th. Finally, BMO Capital Markets dropped their price objective on shares of Fortuna Silver Mines from C$6.25 to C$5.75 in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$5.50.

Fortuna Silver Mines Stock Performance

TSE:FVI opened at C$3.44 on Friday. The company has a debt-to-equity ratio of 16.80, a current ratio of 2.26 and a quick ratio of 1.46. The firm has a market capitalization of C$1.01 billion and a price-to-earnings ratio of 16.38. The company's 50-day moving average is C$3.74 and its two-hundred day moving average is C$4.37. Fortuna Silver Mines has a 1-year low of C$3.09 and a 1-year high of C$6.95.

Fortuna Silver Mines (TSE:FVI - Get Rating) (NYSE:FSM) last posted its earnings results on Wednesday, May 11th. The company reported C$0.14 earnings per share for the quarter, beating the consensus estimate of C$0.11 by C$0.03. The firm had revenue of C$230.96 million during the quarter. Analysts forecast that Fortuna Silver Mines will post 0.51 EPS for the current year.

Insider Buying and Selling at Fortuna Silver Mines

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