Fortuna Silver Mines (TSE:FVI) Stock Rating Upgraded by Cibc Captl Mkts

by · The Cerbat Gem

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

Several other brokerages have also recently issued reports on FVI. CIBC raised Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from C$9.00 to C$16.00 in a report on Wednesday. National Bankshares upgraded Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$14.25 to C$15.00 in a report on Tuesday, November 25th. BMO Capital Markets upped their price objective on Fortuna Silver Mines from C$15.00 to C$17.00 in a report on Friday, January 16th. Finally, Scotiabank upgraded Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$15.75.

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Fortuna Silver Mines Price Performance

FVI stock opened at C$14.47 on Tuesday. The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.15 and a current ratio of 1.94. The company’s fifty day moving average price is C$14.02 and its 200-day moving average price is C$12.10. Fortuna Silver Mines has a one year low of C$5.99 and a one year high of C$17.14. The company has a market capitalization of C$4.42 billion, a PE ratio of 19.55 and a beta of 1.87.

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

Insider Transactions at Fortuna Silver Mines

In other news, insider Luis Dario Ganoza Durant sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of C$13.73, for a total value of C$96,110.00. Following the completion of the sale, the insider directly owned 406,412 shares of the company’s stock, valued at C$5,580,036.76. This trade represents a 1.69% decrease in their position. Insiders sold 50,000 shares of company stock worth $687,360 in the last quarter. Corporate insiders own 0.83% of the company’s stock.

Fortuna Silver Mines Company Profile

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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.

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