Fortuna Silver Mines (TSE:FVI) Price Target Cut to C$7.50

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its target price lowered by equities researchers at National Bankshares from C$7.75 to C$7.50 in a report released on Friday, BayStreet.CA reports. National Bankshares’ price objective would suggest a potential upside of 17.19% from the company’s current price.

Other research analysts have also issued research reports about the company. BMO Capital Markets cut their price target on Fortuna Silver Mines from C$7.00 to C$6.50 in a report on Friday, March 8th. CIBC increased their price target on Fortuna Silver Mines from C$7.00 to C$8.00 in a report on Monday, April 15th.

Fortuna Silver Mines Stock Up 2.7 %

Shares of Fortuna Silver Mines stock opened at C$6.40 on Friday. Fortuna Silver Mines has a one year low of C$3.56 and a one year high of C$6.80. The company has a debt-to-equity ratio of 20.51, a current ratio of 1.37 and a quick ratio of 1.15. The stock’s 50-day moving average is C$4.82 and its 200 day moving average is C$4.65. The firm has a market cap of C$1.96 billion, a price-to-earnings ratio of -27.83 and a beta of 1.66.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced 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). Fortuna Silver Mines had a negative net margin of 6.03% and a negative return on equity of 3.39%. The business had revenue of C$361.23 million for the quarter. Equities research analysts anticipate that Fortuna Silver Mines will post 0.1223118 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Eric Chapman sold 48,900 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$6.41, for a total value of C$313,375.65. In other news, Senior Officer David Whittle sold 5,421 shares of the 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 value of C$26,617.11. Also, Senior Officer Eric Chapman sold 48,900 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$6.41, for a total value of C$313,375.65. Corporate 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.