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

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective lifted by Canaccord Genuity Group from C$6.00 to C$7.50 in a report published on Tuesday morning, BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets dropped their price objective on shares of Fortuna Silver Mines from C$7.00 to C$6.50 in a research note on Friday, March 8th. National Bankshares dropped their price target on shares of Fortuna Silver Mines from C$7.75 to C$7.50 in a research note on Friday, April 19th. 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 FVI stock opened at C$6.37 on Tuesday. The stock has a market capitalization of C$1.95 billion, a price-to-earnings ratio of -27.70 and a beta of 1.66. Fortuna Silver Mines has a one year low of C$3.56 and a one year high of C$6.80. The company’s 50-day simple moving average is C$4.92 and its 200-day simple moving average is C$4.69. The company has a debt-to-equity ratio of 20.51, a quick ratio of 1.15 and a current ratio of 1.37.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its quarterly earnings data on Wednesday, March 6th. The company reported C$0.10 earnings per share 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%. Equities analysts anticipate that Fortuna Silver Mines will post 0.1223118 earnings per share for the current fiscal year.

Insider Activity at Fortuna Silver Mines

In related news, Senior Officer David Whittle sold 5,421 shares of the firm’s 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 transaction of C$26,617.11. In related news, Senior Officer David Whittle sold 5,421 shares of the firm’s 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 transaction of C$26,617.11. Also, Senior Officer Eric Chapman sold 48,900 shares of the firm’s 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 transaction of C$313,375.65. Company insiders own 0.77% of the company’s stock.

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.