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

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

Other equities analysts have also issued reports about the stock. National Bankshares reduced their target price on shares of Fortuna Silver Mines from C$7.75 to C$7.50 in a research report on Friday, April 19th. CIBC upped their target price on shares of Fortuna Silver Mines from C$7.00 to C$8.00 in a research report on Monday, April 15th. Finally, BMO Capital Markets reduced 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 Fortuna Silver Mines stock opened at C$6.37 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 20.51. 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 1-year low of C$3.56 and a 1-year high of C$6.80. The firm’s 50-day moving average price is C$4.92 and its two-hundred day moving average price is C$4.69.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued 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). Fortuna Silver Mines had a negative return on equity of 3.39% and a negative net margin of 6.03%. The firm had revenue of C$361.23 million for the quarter. On average, equities analysts predict 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 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 value of C$26,617.11. In related news, Senior Officer Eric Chapman sold 48,900 shares of the 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 value of C$313,375.65. Also, Senior Officer David Whittle sold 5,421 shares of the 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. 0.77% of the stock is currently owned by company 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.