Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) – Analysts at National Bank Financial raised their Q3 2017 earnings per share estimates for Fortuna Silver Mines in a research report issued on Tuesday. National Bank Financial analyst S. Nagle now expects that the company will earn $0.09 per share for the quarter, up from their prior forecast of $0.06. National Bank Financial has a “Outperform” rating and a $7.75 price objective on the stock. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2017 earnings at $0.37 EPS and FY2018 earnings at $0.38 EPS.
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Other equities analysts have also recently issued research reports about the company. CIBC decreased their price objective on Fortuna Silver Mines from C$9.00 to C$8.00 in a report on Wednesday, August 16th. Canaccord Genuity reiterated a “buy” rating and set a C$8.50 price objective on shares of Fortuna Silver Mines in a research note on Thursday, September 7th. Finally, Scotiabank cut their price objective on Fortuna Silver Mines to C$7.50 and set a “sector perform” rating for the company in a research note on Friday, October 6th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Fortuna Silver Mines presently has an average rating of “Buy” and an average target price of C$8.38.
Shares of Fortuna Silver Mines (TSE FVI) opened at 5.50 on Thursday. The stock has a market cap of $875.73 million and a PE ratio of 21.48. The firm has a 50-day moving average price of $5.80 and a 200-day moving average price of $6.13. Fortuna Silver Mines has a 12 month low of $5.42 and a 12 month high of $10.32.
In other news, Director Durant Jorge A. Ganoza acquired 76,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were bought at an average price of C$4.57 per share, with a total value of C$347,320.00. Also, Director Durant Jorge A. Ganoza acquired 131,800 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were purchased at an average cost of C$4.51 per share, for a total transaction of C$594,418.00. Insiders have bought 213,800 shares of company stock worth $975,318 in the last ninety days.
Fortuna Silver Mines Company Profile
Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.
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