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

by · The Cerbat Gem

Cibc Captl Mkts upgraded shares of Fortuna Silver Mines (TSE:FVI – Free Report) (NYSE:FSM) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

FVI has been the topic of several other research reports. Scotiabank raised shares of Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Canadian Imperial Bank of Commerce raised shares of Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from C$9.00 to C$16.00 in a report on Wednesday. BMO Capital Markets increased their price objective on Fortuna Silver Mines from C$15.00 to C$17.00 in a report on Friday, January 16th. Finally, National Bankshares raised Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$14.25 to C$15.00 in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$15.75.

Get Our Latest Stock Analysis on Fortuna Silver Mines

Fortuna Silver Mines Stock Performance

Fortuna Silver Mines stock traded up C$0.85 during mid-day trading on Tuesday, reaching C$14.21. 1,068,907 shares of the company’s stock were exchanged, compared to its average volume of 1,348,128. The business’s fifty day simple moving average is C$14.01 and its 200 day simple moving average is C$12.11. The company has a quick ratio of 1.15, a current ratio of 1.94 and a debt-to-equity ratio of 13.30. Fortuna Silver Mines has a one year low of C$5.99 and a one year high of C$17.14. The firm has a market capitalization of C$4.34 billion, a PE ratio of 19.20 and a beta of 1.87.

Fortuna Silver Mines (TSE:FVI – Get Free Report) (NYSE:FSM) last announced its earnings results on Wednesday, November 5th. The company reported C$0.17 earnings per share (EPS) 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, sell-side analysts expect that Fortuna Silver Mines will post 0.7856273 earnings per share for the current year.

Insider Activity

In other news, insider Luis Dario Ganoza Durant sold 7,000 shares of the firm’s stock in a transaction 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 transaction, 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 ownership of the stock. Insiders sold a total of 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

(Get Free Report)

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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