BMO Capital Markets Increases Fortuna Silver Mines (TSE:FVI) Price Target to C$17.00

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective raised by analysts at BMO Capital Markets from C$15.00 to C$17.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 17.32% from the company’s current price.

A number of other brokerages also recently commented on FVI. Canaccord Genuity Group upped their target price on shares of Fortuna Silver Mines from C$10.50 to C$15.00 in a research note on Thursday, October 2nd. National Bankshares raised Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$14.25 to C$15.00 in a research note on Tuesday, November 25th. Finally, Scotiabank upgraded Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fortuna Silver Mines has a consensus rating of “Hold” and a consensus price target of C$13.50.

Fortuna Silver Mines Price Performance

Shares of FVI stock opened at C$14.49 on Friday. The stock has a 50 day moving average price of C$13.26 and a 200 day moving average price of C$11.56. Fortuna Silver Mines has a 52-week low of C$5.99 and a 52-week high of C$15.00. The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.15 and a current ratio of 1.94. The firm has a market capitalization of C$4.42 billion, a P/E ratio of 19.58 and a beta of 1.72.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its earnings results on Wednesday, November 5th. The company reported C$0.17 earnings per share for the quarter. The business had revenue of C$350.00 million for the quarter. Fortuna Silver Mines had a return on equity of 1.91% and a net margin of 2.45%. As a group, sell-side analysts predict that Fortuna Silver Mines will post 0.7856273 earnings per share for the current year.

Insider Transactions at Fortuna Silver Mines

In other Fortuna Silver Mines news, insider Luis Dario Ganoza Durant sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of C$13.75, for a total value of C$343,750.00. Following the completion of the transaction, the insider directly owned 381,412 shares in the company, valued at approximately C$5,244,415. The trade was a 6.15% decrease in their ownership of the stock. Insiders sold a total of 50,000 shares of company stock valued at $687,360 in the last 90 days. 0.83% of the stock is owned by insiders.

About Fortuna Silver Mines

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.