Fortuna Silver Mines (TSE:FVI) Price Target Raised to C$7.10

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price target increased by Pi Financial from C$6.70 to C$7.10 in a report issued on Wednesday, BayStreet.CA reports.

Several other research analysts have also commented on the stock. National Bank Financial lowered shares of Detour Gold to a hold rating in a research note on Friday, June 28th. Canaccord Genuity restated a buy rating on shares of Wheaton Precious Metals in a research note on Friday, July 19th. Finally, CIBC restated a hold rating on shares of Sandstorm Gold in a research note on Monday, July 15th.

Shares of FVI opened at C$5.14 on Wednesday. The business’s fifty day simple moving average is C$3.91. Fortuna Silver Mines has a 12 month low of C$3.22 and a 12 month high of C$7.26. The firm has a market cap of $836.10 million and a price-to-earnings ratio of 39.24. The company has a current ratio of 2.71, a quick ratio of 2.31 and a debt-to-equity ratio of 14.15.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C$0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.04 by C$0.02. The business had revenue of C$77.45 million for the quarter. Research analysts anticipate that Fortuna Silver Mines will post 0.4919679 EPS for the current year.

In other news, Director Jorge A. Ganoza Durant acquired 54,716 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was acquired at an average cost of C$3.92 per share, with a total value of C$214,219.71. Following the acquisition, the director now owns 759,444 shares in the company, valued at C$2,973,314.39.

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. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.

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