CIBC Boosts Fortuna Silver Mines (TSE:FVI) Price Target to C$8.00

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its target price raised by CIBC from C$7.00 to C$8.00 in a research report released on Monday morning, BayStreet.CA reports.

FVI has been the subject of several other reports. National Bankshares decreased their target price on shares of Fortuna Silver Mines from C$5.35 to C$5.00 in a research report on Tuesday, March 12th. BMO Capital Markets decreased their target price on shares of Fortuna Silver Mines from C$7.00 to C$6.50 in a research report on Friday, March 8th.

Fortuna Silver Mines Price Performance

Shares of TSE FVI opened at C$6.31 on Monday. The firm’s 50-day moving average price is C$4.64 and its 200-day moving average price is C$4.58. Fortuna Silver Mines has a 1-year low of C$3.56 and a 1-year high of C$6.80. The firm has a market capitalization of C$1.93 billion, a P/E ratio of -27.43 and a beta of 1.66. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 20.51.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced 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 company had revenue of C$361.23 million for the quarter. Fortuna Silver Mines had a negative net margin of 6.03% and a negative return on equity of 3.39%. Equities research analysts anticipate that Fortuna Silver Mines will post 0.1223118 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Fortuna Silver Mines news, Senior Officer David Whittle sold 5,421 shares of the company’s stock in a transaction dated 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 other Fortuna Silver Mines news, Senior Officer David Whittle sold 5,421 shares of the company’s stock in a transaction dated 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 48,900 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$6.41, for a total transaction of C$313,375.65. 0.77% of the stock is currently owned by insiders.

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.