Fortuna Silver Mines Inc. (TSE:FVI) Receives Consensus Rating of “Hold” from Brokerages

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) has been given a consensus rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$15.75.

A number of equities research analysts have recently weighed in on the company. CIBC upgraded Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and boosted their price target for the company from C$9.00 to C$16.00 in a report on Wednesday. Cibc Captl Mkts raised shares of Fortuna Silver Mines from a “strong sell” rating to a “hold” rating in a report on Tuesday. Scotiabank upgraded shares of Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. BMO Capital Markets raised their price target on shares of Fortuna Silver Mines from C$15.00 to C$17.00 in a research report on Friday, January 16th. Finally, National Bankshares raised shares of Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$14.25 to C$15.00 in a report on Tuesday, November 25th.

Fortuna Silver Mines Stock Performance

Shares of Fortuna Silver Mines stock opened at C$13.70 on Thursday. The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.15 and a current ratio of 1.94. Fortuna Silver Mines has a 1 year low of C$5.99 and a 1 year high of C$17.14. The firm’s 50-day simple moving average is C$14.02 and its 200-day simple moving average is C$12.10. The firm has a market cap of C$4.18 billion, a PE ratio of 18.51 and a beta of 1.87.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.17 EPS for the quarter. The business 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%. Equities analysts forecast that Fortuna Silver Mines will post 0.7856273 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Luis Dario Ganoza Durant sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of C$13.75, for a total transaction of C$343,750.00. Following the completion of the transaction, the insider directly owned 381,412 shares of the company’s stock, valued at approximately C$5,244,415. This represents a 6.15% decrease in their ownership of the stock. Insiders sold 50,000 shares of company stock valued at $687,360 in the last three months. Insiders own 0.83% of the company’s stock.

Fortuna Silver Mines Company Profile

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.