Fortuna Silver Mines Inc. (TSE:FVI) Given Average Recommendation of “Hold” by Brokerages

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) has received a consensus rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$8.89.

Several equities research analysts recently weighed in on the stock. Laurentian reduced their target price on shares of Fortuna Silver Mines from C$10.75 to C$8.50 in a research note on Friday, April 30th. CIBC dropped their price objective on shares of Fortuna Silver Mines from C$9.50 to C$9.00 in a research note on Wednesday, June 23rd. Canaccord Genuity cut their price target on shares of Fortuna Silver Mines from C$8.25 to C$6.50 and set a “na” rating for the company in a research note on Friday, July 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$11.25 price target (down previously from C$12.50) on shares of Fortuna Silver Mines in a research note on Monday, July 5th. Finally, National Bankshares dropped their price objective on Fortuna Silver Mines from C$12.00 to C$9.25 in a research note on Friday, July 16th.

Shares of FVI traded up C$0.02 during trading hours on Thursday, reaching C$5.57. The company’s stock had a trading volume of 787,752 shares, compared to its average volume of 1,057,208. The firm has a 50 day moving average of C$7.37. The company has a current ratio of 1.36, a quick ratio of 1.06 and a debt-to-equity ratio of 23.71. The company has a market cap of C$1.62 billion and a price-to-earnings ratio of 15.72. Fortuna Silver Mines has a 1-year low of C$5.42 and a 1-year high of C$12.61.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its quarterly earnings data on Monday, May 10th. The company reported C$0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.12 by C$0.07. The business had revenue of C$149.18 million during the quarter. Equities research analysts anticipate that Fortuna Silver Mines will post 0.7225993 earnings per share for the current fiscal year.

In other Fortuna Silver Mines news, Senior Officer Luis Dario Ganoza Durant bought 20,000 shares of the stock in a transaction that occurred on Wednesday, April 28th. The stock was acquired at an average cost of C$7.43 per share, with a total value of C$148,600.00. Following the purchase, the insider now owns 559,727 shares in the company, valued at C$4,158,771.61. Also, Director Jorge A. Ganoza Durant bought 33,000 shares of the stock in a transaction on Wednesday, April 28th. The shares were purchased at an average price of C$8.00 per share, with a total value of C$263,960.53. Following the acquisition, the director now owns 1,533,899 shares in the company, valued at approximately C$12,269,357.46.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; and the Lindero gold project located in Argentina.

Further Reading: Quiet Period

Analyst Recommendations for Fortuna Silver Mines (TSE:FVI)

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