Fortuna Silver Mines (TSE:FVI) Given New C$7.50 Price Target at Canaccord Genuity Group

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its target price increased by equities researchers at Canaccord Genuity Group from C$6.00 to C$7.50 in a report issued on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 17.74% from the stock’s current price.

Several other research analysts also recently commented on the company. National Bankshares decreased their price objective on Fortuna Silver Mines from C$7.75 to C$7.50 in a report on Friday, April 19th. BMO Capital Markets reduced their price target on Fortuna Silver Mines from C$7.00 to C$6.50 in a research report on Friday, March 8th. Finally, CIBC lifted their price target on Fortuna Silver Mines from C$7.00 to C$8.00 in a research note on Monday, April 15th.

Fortuna Silver Mines Price Performance

Shares of TSE FVI opened at C$6.37 on Tuesday. The stock has a market capitalization of C$1.95 billion, a P/E ratio of -27.70 and a beta of 1.66. The company has a debt-to-equity ratio of 20.51, a current ratio of 1.37 and a quick ratio of 1.15. Fortuna Silver Mines has a one year low of C$3.56 and a one year high of C$6.80. The firm’s 50 day simple moving average is C$4.97 and its two-hundred day simple moving average is C$4.70.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its earnings results on Wednesday, March 6th. The company reported C$0.10 EPS for the quarter, missing the consensus estimate of C$0.11 by C($0.01). The business had revenue of C$361.23 million for the quarter. Fortuna Silver Mines had a negative net margin of 6.03% and a negative return on equity of 3.39%. As a group, analysts expect that Fortuna Silver Mines will post 0.1223118 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer David Whittle sold 5,421 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of C$4.91, for a total transaction of C$26,617.11. In related news, Senior Officer David Whittle sold 5,421 shares of the company’s stock in a transaction that occurred on 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 48,900 shares of Fortuna Silver Mines stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$6.41, for a total transaction of C$313,375.65. Insiders own 0.77% of the company’s stock.

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.