Fortuna Silver Mines (TSE:FVI) Reaches New 12-Month High at $6.87

Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$6.87 and last traded at C$6.84, with a volume of 449409 shares trading hands. The stock had previously closed at C$6.50.

FVI has been the topic of several recent analyst reports. National Bank Financial set a C$7.25 price target on Fortuna Silver Mines and gave the company a “sector perform” rating in a research report on Thursday, May 21st. Canaccord Genuity upped their target price on Fortuna Silver Mines from C$5.00 to C$6.00 in a research report on Sunday, May 17th. Pi Financial raised Fortuna Silver Mines from a “neutral” rating to a “buy” rating and upped their target price for the stock from C$4.40 to C$6.80 in a research report on Sunday, May 31st. Laurentian Bank of Canada upped their target price on Fortuna Silver Mines from C$5.35 to C$5.60 in a research report on Monday, May 11th. Finally, Laurentian upped their target price on Fortuna Silver Mines from C$5.35 to C$5.60 in a research report on Monday, May 11th.

The company has a market cap of $1.20 billion and a P/E ratio of 67.43. The firm has a 50 day moving average price of C$5.89 and a 200-day moving average price of C$4.75. The company has a debt-to-equity ratio of 33.42, a quick ratio of 1.14 and a current ratio of 1.36.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its quarterly earnings results on Monday, May 11th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.03 by C($0.04). The firm had revenue of C$63.77 million during the quarter. On average, sell-side analysts forecast that Fortuna Silver Mines Inc will post 0.6270607 EPS for the current fiscal year.

In other news, Senior Officer Eric Chapman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of C$6.55, for a total transaction of C$98,250.00. Following the completion of the sale, the insider now owns 74,082 shares in the company, valued at approximately C$485,237.10.

About Fortuna Silver Mines (TSE:FVI)

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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