Fortuna Silver Mines (TSE:FVI) Upgraded at Cibc Captl Mkts

Cibc Captl Mkts upgraded shares of Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Several other research analysts have also issued reports on FVI. Scotiabank upgraded shares of Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. CIBC upgraded shares of Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from C$9.00 to C$16.00 in a report on Wednesday. National Bankshares upgraded shares of Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$14.25 to C$15.00 in a report on Tuesday, November 25th. Finally, BMO Capital Markets boosted their price target on Fortuna Silver Mines from C$15.00 to C$17.00 in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$15.75.

Fortuna Silver Mines Trading Down 7.7%

FVI opened at C$13.36 on Tuesday. 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 has a 52 week low of C$5.99 and a 52 week high of C$17.14. The stock has a market cap of C$4.08 billion, a PE ratio of 18.05 and a beta of 1.87. The business has a 50 day moving average of C$14.01 and a 200-day moving average of C$12.11.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.17 earnings per share (EPS) for the quarter. The business had revenue of C$350.00 million during the quarter. Fortuna Silver Mines had a return on equity of 1.91% and a net margin of 2.45%. Equities research analysts predict 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 25,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider owned 381,412 shares in the company, valued at approximately C$5,244,415. This represents a 6.15% decrease in their ownership of the stock. Insiders have sold 50,000 shares of company stock valued at $687,360 over the last three months. 0.83% of the stock is currently 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.