National Bankshares set a C$9.00 target price on Fortuna Silver Mines (TSE:FVI – Free Report) (NYSE:FSM) in a research note published on Tuesday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.
A number of other equities research analysts also recently commented on FVI. BMO Capital Markets upped their price objective on Fortuna Silver Mines from C$6.50 to C$8.00 in a report on Thursday, May 9th. CIBC upped their price target on Fortuna Silver Mines from C$8.00 to C$9.25 and gave the company a neutral rating in a research note on Wednesday, May 22nd. Finally, Canaccord Genuity Group lifted their price objective on shares of Fortuna Silver Mines from C$6.00 to C$7.50 in a research note on Tuesday, April 23rd.
Get Our Latest Research Report on Fortuna Silver Mines
Fortuna Silver Mines Stock Performance
Fortuna Silver Mines stock opened at C$6.84 on Tuesday. Fortuna Silver Mines has a 1 year low of C$3.56 and a 1 year high of C$8.68. The company’s 50-day moving average is C$7.02 and its two-hundred day moving average is C$5.45. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 16.86. The company has a market cap of C$2.09 billion, a PE ratio of -42.75 and a beta of 1.60.
Fortuna Silver Mines (TSE:FVI – Get Free Report) (NYSE:FSM) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.04 by C$0.08. The firm had revenue of C$303.26 million for the quarter. Fortuna Silver Mines had a negative net margin of 3.98% and a negative return on equity of 2.02%. Equities analysts anticipate that Fortuna Silver Mines will post 0.5029656 earnings per share for the current year.
Insider Buying and Selling at Fortuna Silver Mines
In related news, Senior Officer Eric Chapman sold 25,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$8.01, for a total transaction of C$200,250.00. In other Fortuna Silver Mines news, Senior Officer David Whittle sold 5,421 shares of the stock in a transaction dated Friday, April 12th. The stock was sold at an average price of C$4.91, for a total transaction of C$26,617.11. Also, Senior Officer Eric Chapman sold 25,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$8.01, for a total value of C$200,250.00. Over the last ninety days, insiders sold 91,516 shares of company stock valued at $634,632. Company insiders own 0.87% of the company’s stock.
About Fortuna Silver Mines
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.
Further Reading
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