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

Fortuna Silver Mines (TSE:FVI) (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 to investors on Tuesday,Zacks.com reports.

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

Fortuna Silver Mines Trading Up 3.5%

Shares of TSE:FVI opened at C$14.47 on Tuesday. The stock’s 50-day simple moving average is C$14.02 and its two-hundred day simple moving average is C$12.10. The stock has a market capitalization of C$4.42 billion, a price-to-earnings ratio of 19.55 and a beta of 1.87. Fortuna Silver Mines has a 52-week low of C$5.99 and a 52-week high of C$17.14. 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 (TSE:FVI) (NYSE:FSM) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.17 EPS for the quarter. The firm 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%. Analysts expect that Fortuna Silver Mines will post 0.7856273 EPS for the current year.

Insiders Place Their Bets

In other Fortuna Silver Mines news, insider Luis Dario Ganoza Durant sold 25,000 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of C$13.75, for a total value of C$343,750.00. Following the completion of the sale, the insider owned 381,412 shares in the company, valued at approximately C$5,244,415. This represents a 6.15% decrease in their position. Over the last ninety days, insiders have sold 50,000 shares of company stock valued at $687,360. Corporate 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.