Fortuna Silver Mines (TSE:FVI – Get Valuation) (NYSE:FSM) The price target was lowered from C$6.00 to C$4.75 by equity analysts at Laurentian in a research note published Tuesday, reports BayStreet.CA. Laurentian’s price target would suggest a potential upside of 41.37% from the stock’s current price.
A number of other research analysts also covered the company. National Bankshares increased its target price on Fortuna Silver Mines to $6.50 from $5.50 in a report Wednesday, April 20. CIBC lowered its target price on Fortuna Silver Mines to $5.50 from $6.00 and gave the stock a neutral rating in a report Thursday, May 12. BMO Capital Markets began reporting on Fortuna Silver Mines in a report on Tuesday, April 12th. They issued a “buy” rating and a price target of $7.00 on the stock. The Canaccord Genuity Group increased its price target for Fortuna Silver Mines from $5.00 to $6.00 in a report on Friday, April 22nd. Finally, Pi Financial raised Fortuna Silver Mines from a “neutral” rating to a “buy” rating in a report Monday, June 6th. Four research analysts have rated the stock with a hold rating and three with a buy rating. According to MarketBeat, Fortuna Silver Mines currently has an average rating of Hold and a consensus target of $6.25.
TSE:FVI traded down C$0.03 on Tuesday midday to hit C$3.36. 474,116 shares of the company were traded, compared to an average volume of 889,687. The company has a 50-day moving average of $4.09 and a 200-day moving average of $4.58. Fortuna Silver Mines has a 12-month low of $3.28 and a 12-month high of $6.95. The company has a market cap of $981.71 million and a P/E of 14.00. The company has a debt to equity ratio of 15.48, a quick ratio of 1.34 and a current ratio of 2.07.
Fortuna Silver Mines (TSE:FVI – Get Rating) (NYSE:FSM) last announced its earnings results on Wednesday, May 11th. The company reported earnings per share (EPS) of $0.14 for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of CA$230.96 million for the quarter. On average, research analysts expect Fortuna Silver Mines to report earnings per share of $0.452719 for the current fiscal year.
In related news, Director Jorge A. Ganoza Durant bought 40,000 shares of the stock in a transaction on Friday, May 13. The shares were purchased at an average price of $3.92 per share for a total transaction of $156,998.40. Upon completion of the purchase, the Director now directly owns 2,028,131 shares of the Company, valued at C$7,960,333.05. Insiders bought 82,178 shares of the company’s shares worth $296,877 in the last 90 days.
Corporate Profile of Fortuna Silver Mines (get rating)
Fortuna Silver Mines Inc is engaged in the acquisition, exploration and mining of precious and base metal properties in Argentina, Burkina Faso, Mexico, Peru and Ivory Coast. It has interests in the Caylloma silver, lead and zinc mine in southern Peru; the San Jose silver and gold mine in southern Mexico; the Lindero Gold Project in Argentina; Yaramoko gold mine in south-west Burkina Faso; and the Séguéla gold mine in south-west Côte d’Ivoire.
Further reading
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