Fortuna Silver Mines (TSE:FVI) Raised to Hold at Cibc Captl Mkts

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) was upgraded by equities research analysts at Cibc Captl Mkts from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Scotiabank raised Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. CIBC raised Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and increased their price target for the stock from C$9.00 to C$16.00 in a research note on Wednesday. National Bankshares raised shares of Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$14.25 to C$15.00 in a research note on Tuesday, November 25th. Finally, BMO Capital Markets lifted their target price on Fortuna Silver Mines from C$15.00 to C$17.00 in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Fortuna Silver Mines has an average rating of “Hold” and an average target price of C$15.75.

Fortuna Silver Mines Stock Performance

Shares of FVI stock traded down C$1.11 during mid-day trading on Tuesday, hitting C$13.36. 1,576,602 shares of the stock were exchanged, compared to its average volume of 1,359,321. The stock’s fifty day simple moving average is C$14.02 and its two-hundred day simple moving average is C$12.10. The stock has a market capitalization of C$4.08 billion, a price-to-earnings ratio of 18.05 and a beta of 1.87. Fortuna Silver Mines has a 12-month low of C$5.99 and a 12-month high of C$17.14. The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.15 and a current ratio of 1.94.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.17 earnings per share for the quarter. The firm had revenue of C$350.00 million during the quarter. Fortuna Silver Mines had a return on equity of 1.91% and a net margin of 2.45%. On average, analysts forecast that Fortuna Silver Mines will post 0.7856273 EPS for the current year.

Insiders Place Their Bets

In related news, insider Luis Dario Ganoza Durant sold 7,000 shares of Fortuna Silver Mines stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of C$13.73, for a total transaction of C$96,110.00. Following the transaction, the insider directly owned 406,412 shares of the company’s stock, valued at C$5,580,036.76. The trade was a 1.69% decrease in their ownership of the stock. Insiders sold 50,000 shares of company stock valued at $687,360 in the last three months. Corporate insiders own 0.83% of the company’s stock.

About Fortuna Silver Mines

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc, is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan.