Fortuna Silver Mines (TSE:FVI) Price Target Raised to C$17.00

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its target price lifted by BMO Capital Markets from C$15.00 to C$17.00 in a report released on Friday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group lifted their price target on Fortuna Silver Mines from C$10.50 to C$15.00 in a report on Thursday, October 2nd. Scotiabank upgraded shares of Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Finally, National Bankshares raised shares of Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$14.25 to C$15.00 in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$13.50.

Fortuna Silver Mines Stock Up 1.4%

FVI stock opened at C$14.49 on Friday. The company has a 50 day moving average of C$13.26 and a two-hundred day moving average of C$11.58. The company has a market cap of C$4.42 billion, a price-to-earnings ratio of 19.58 and a beta of 1.72. Fortuna Silver Mines has a 12-month low of C$5.99 and a 12-month high of C$15.00. The company has a quick ratio of 1.15, a current ratio of 1.94 and a debt-to-equity ratio of 13.30.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.17 earnings per share for the quarter. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 1.91%. The business had revenue of C$350.00 million for the quarter. On average, equities analysts anticipate that Fortuna Silver Mines will post 0.7856273 earnings per share for the current fiscal year.

Insider Transactions at Fortuna Silver Mines

In other news, insider Luis Dario Ganoza Durant sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of C$13.73, for a total value of C$96,110.00. Following the sale, the insider directly owned 406,412 shares of the company’s stock, valued at approximately C$5,580,036.76. This trade represents a 1.69% decrease in their ownership of the stock. Insiders have sold 50,000 shares of company stock worth $687,360 in the last three months. 0.83% of the stock is owned by corporate insiders.

Fortuna Silver Mines Company Profile

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc, is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan.