Fortuna Silver Mines Inc. (TSE:FVI – Get Free Report) (NYSE:FSM) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.72 and traded as high as C$7.37. Fortuna Silver Mines shares last traded at C$7.26, with a volume of 656,308 shares trading hands.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on FVI. CIBC lifted their price target on shares of Fortuna Silver Mines from C$8.00 to C$9.25 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. National Bankshares set a C$9.00 price objective on shares of Fortuna Silver Mines and gave the stock a “sector perform” rating in a research note on Tuesday, June 11th. Canaccord Genuity Group lifted their price target on shares of Fortuna Silver Mines from C$6.00 to C$7.50 in a research note on Tuesday, April 23rd. Finally, BMO Capital Markets lifted their price target on shares of Fortuna Silver Mines from C$6.50 to C$8.00 in a research note on Thursday, May 9th.
View Our Latest Analysis on FVI
Fortuna Silver Mines Stock Performance
The company has a debt-to-equity ratio of 16.86, a quick ratio of 1.15 and a current ratio of 1.27. The firm has a market cap of C$2.22 billion, a P/E ratio of -45.38 and a beta of 1.60. The firm’s fifty day moving average price is C$7.26 and its 200 day moving average price is C$5.72.
Fortuna Silver Mines (TSE:FVI – Get Free Report) (NYSE:FSM) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$0.12 EPS for the quarter, topping the consensus estimate of C$0.04 by C$0.08. The firm had revenue of C$303.26 million during the quarter. Fortuna Silver Mines had a negative net margin of 3.98% and a negative return on equity of 2.02%. Sell-side analysts expect that Fortuna Silver Mines Inc. will post 0.5029656 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Senior Officer Eric Chapman sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$8.01, for a total transaction of C$200,250.00. 0.87% 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.
Further Reading
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