Fortuna Silver Mines (TSE:FVI) Price Target Lowered to C$6.50 at BMO Capital Markets

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective decreased by investment analysts at BMO Capital Markets from C$7.00 to C$6.50 in a note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 49.08% from the company’s previous close.

Separately, National Bankshares reduced their price objective on Fortuna Silver Mines from C$6.00 to C$5.50 in a research note on Monday, January 22nd.

Fortuna Silver Mines Stock Performance

Shares of FVI stock remained flat at C$4.36 on Friday. 377,486 shares of the stock traded hands, compared to its average volume of 539,836. Fortuna Silver Mines has a 1 year low of C$3.56 and a 1 year high of C$5.61. The company has a market capitalization of C$1.34 billion, a PE ratio of -8.42 and a beta of 1.54. The company’s fifty day moving average price is C$4.25 and its 200-day moving average price is C$4.32. The company has a quick ratio of 1.15, a current ratio of 2.12 and a debt-to-equity ratio of 21.70.

Insider Transactions at Fortuna Silver Mines

In other news, Senior Officer Luis Dario Ganoza Durant sold 88,000 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of C$3.95, for a total transaction of C$347,600.00. In other news, Senior Officer Eric Chapman sold 12,100 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$5.32, for a total value of C$64,372.00. Also, Senior Officer Luis Dario Ganoza Durant sold 88,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of C$3.95, for a total value of C$347,600.00. Company insiders own 0.78% of the company’s stock.

About Fortuna Silver Mines

Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine located in southern Mexico; the Lindero gold project located in Northern Argentina; Yaramoko gold mine located in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.