Fortuna Silver Mines (TSE:FVI) PT Lowered to C$7.50

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its target price reduced by equities research analysts at National Bankshares from C$7.75 to C$7.50 in a note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price objective suggests a potential upside of 16.10% from the company’s previous close.

FVI has been the topic of several other reports. BMO Capital Markets dropped their price target on Fortuna Silver Mines from C$7.00 to C$6.50 in a research note on Friday, March 8th. CIBC boosted their price objective on Fortuna Silver Mines from C$7.00 to C$8.00 in a report on Monday.

Fortuna Silver Mines Trading Up 3.7 %

Shares of Fortuna Silver Mines stock traded up C$0.23 during midday trading on Friday, reaching C$6.46. The company had a trading volume of 394,356 shares, compared to its average volume of 658,089. The stock has a fifty day moving average price of C$4.77 and a 200 day moving average price of C$4.62. 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 firm has a market cap of C$1.98 billion, a PE ratio of -28.09 and a beta of 1.66. Fortuna Silver Mines has a fifty-two week low of C$3.56 and a fifty-two week high of C$6.80.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued its quarterly earnings results on Wednesday, March 6th. The company reported C$0.10 earnings per share (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 during the quarter. On average, equities analysts anticipate that Fortuna Silver Mines will post 0.1223118 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer David Whittle sold 5,421 shares of the company’s stock in a transaction 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. In related news, Senior Officer David Whittle sold 5,421 shares of the company’s stock in a transaction 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 the company’s stock in a transaction 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. 0.77% of the stock is currently owned by corporate insiders.

About Fortuna Silver Mines

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.