BMO Capital Markets Raises Fortuna Silver Mines (TSE:FVI) Price Target to C$7.75

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective hoisted by BMO Capital Markets from C$7.50 to C$7.75 in a research note released on Friday morning, BayStreet.CA reports.

Several other analysts have also recently commented on the company. Canaccord Genuity reduced their price target on Fortuna Silver Mines from C$6.75 to C$6.00 in a report on Friday, July 19th. Pi Financial raised their price target on Fortuna Silver Mines from C$6.70 to C$7.10 in a report on Wednesday, July 24th. CIBC reduced their price target on Fortuna Silver Mines from C$6.25 to C$5.25 in a report on Monday, July 15th. Finally, National Bank Financial raised their price target on Fortuna Silver Mines from C$6.50 to C$7.00 and gave the company a sector perform rating in a report on Friday, June 28th.

Shares of FVI traded down C$0.02 during mid-day trading on Friday, hitting C$5.68. The company’s stock had a trading volume of 1,281,200 shares, compared to its average volume of 682,813. The company has a debt-to-equity ratio of 14.15, a current ratio of 2.71 and a quick ratio of 2.31. The business has a 50-day moving average of C$4.45. The stock has a market capitalization of $909.78 million and a price-to-earnings ratio of 43.36. Fortuna Silver Mines has a 1-year low of C$3.22 and a 1-year high of C$6.26.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.06 EPS for the quarter, beating the consensus estimate of C$0.04 by C$0.02. The business had revenue of C$77.45 million during the quarter. Sell-side analysts anticipate that Fortuna Silver Mines will post 0.51 EPS for the current fiscal year.

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

About Fortuna Silver Mines

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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