Fortuna Silver Mines Inc. (TSE:FVI) Receives C$15.75 Average PT from Brokerages

Shares of Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) have been given an average rating of “Moderate Buy” by the five brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$15.75.

Several research analysts recently weighed in on FVI shares. Scotiabank raised Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. National Bankshares upgraded shares of Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$14.25 to C$15.00 in a research note on Tuesday, November 25th. Canadian Imperial Bank of Commerce raised Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and upped their target price for the stock from C$9.00 to C$16.00 in a research report on Wednesday. Cibc Captl Mkts raised Fortuna Silver Mines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets lifted their price target on Fortuna Silver Mines from C$15.00 to C$17.00 in a report on Friday, January 16th.

Fortuna Silver Mines Price Performance

Shares of TSE:FVI opened at C$14.21 on Thursday. The company has a market capitalization of C$4.34 billion, a PE ratio of 19.20 and a beta of 1.87. 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 stock has a fifty day moving average of C$14.01 and a 200-day moving average of C$12.16. Fortuna Silver Mines has a one year low of C$5.99 and a one year high of C$17.14.

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

Insider Buying and Selling at Fortuna Silver Mines

In related news, insider Luis Dario Ganoza Durant sold 25,000 shares of Fortuna Silver Mines stock in a transaction 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 completion of the sale, the insider owned 381,412 shares of the company’s stock, valued at approximately C$5,244,415. The trade was a 6.15% decrease in their position. In the last quarter, insiders have sold 50,000 shares of company stock worth $687,360. 0.83% of the stock is currently owned by company 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.