Fortuna Silver Mines (TSE: FVI) (NYSE: FSM) was upgraded by equity research analysts at BMO Capital Markets from a “market performance” rating to an “outperformance” rating in a research report released Tuesday to clients and investors, Analyst Rating Network reports. The company currently has a target price of C $ 7.25 per share, up from its previous target price of C $ 5.75. BMO Capital Markets’ target price indicates a potential rise of 43.85% from the current stock price.
Several other stock analysts also recently commented on the stock. CIBC lowered its target price on shares of Fortuna Silver Mines from C $ 7.75 to C $ 6.00 in a research report released on Wednesday, November 24. Canaccord Genuity upgraded Fortuna Silver Mines shares from a “sell” rating to a “conservation” rating in a report released on Friday, November 19. Pi Financial downgraded Fortuna Silver Mines shares from a “buy” rating to a “neutral” rating in a report released on Friday, November 12. National Bank Financial lowered its price target for Fortuna Silver Mines shares to Cdn $ 7.00 and established a “sector performance” rating for the stock in a report released on Friday, September 10. Finally, National Bankshares lowered its price target for Fortuna Silver Mines shares from C $ 7.00 to C $ 6.50 and established a “sector performance” rating for the stock in a report released on Monday 15. November. Seven investment analysts rated the stock with a conservation rating and one issued a buy rating for the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C $ 6.84.
TSE FVI traded up C $ 0.14 during trading hours on Tuesday, reaching C $ 5.04. The company’s shares had a trading volume of 1,056,304 shares, compared to its average volume of 1,047,773. Fortuna Silver Mines has a 52-week low of C $ 3.77 and a 52-week high of 12 , $ 61 CAD. The Company’s 50-day simple moving average is C $ 5.19 and its two-hundred-day simple moving average is C $ 5.77. The company has a current ratio of 0.96, a quick ratio of 0.67, and a debt to equity ratio of 15.53. The company has a market capitalization of C $ 1.47 billion and a PE ratio of 13.70.
Fortuna Silver Mines (TSE: FVI) (NYSE: FSM) last released its results on Thursday, November 11. The company reported EPS of C $ 0.10 for the quarter, missing the consensus estimate of C $ 0.13 by Thomson Reuters (C $ 0.03). The company reported sales of C $ 204.70 million for the quarter. Research analysts predict that Fortuna Silver Mines will post 0.55 EPS for the current fiscal year.
In other Fortuna Silver Mines news, senior officer Juan Manuel Ruiz-Conejo acquired 8,500 shares of Fortuna Silver Mines in a transaction that took place on Friday, December 3. The stock was purchased at an average price of C $ 4.13 per share, for a total transaction of C $ 35,105. As a result of the purchase, the insider now owns 215,795 shares of the company, valued at C $ 891,233.35.
Fortuna Silver Mines Company Profile
Fortuna Silver Mines Inc is engaged in the exploration, extraction and processing of precious and base metal deposits in Latin America. Its main properties include the Caylloma silver, lead and zinc mine in southern Peru; the San Jose silver and gold mine in southern Mexico; and the Lindero gold project located in Argentina.
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