Fortuna Silver Mines Inc (FVI) Forecasted to Earn FY2017 Earnings of $0.42 Per Share

Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) – Investment analysts at National Bank Financial raised their FY2017 earnings per share estimates for Fortuna Silver Mines in a report issued on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.42 per share for the year, up from their prior estimate of $0.39. National Bank Financial currently has a “Outperform” rating and a $7.50 price target on the stock.

Several other research firms have also recently weighed in on FVI. BMO Capital Markets reaffirmed an “outperform” rating and set a C$8.00 target price on shares of Fortuna Silver Mines in a research note on Friday, November 17th. CIBC cut their target price on shares of Fortuna Silver Mines from C$8.00 to C$7.50 in a research note on Thursday, October 12th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$8.17.

Fortuna Silver Mines (TSE:FVI) opened at C$5.68 on Friday. The firm has a market cap of $903.28, a price-to-earnings ratio of 18.93 and a beta of -0.34. Fortuna Silver Mines has a 52 week low of C$5.13 and a 52 week high of C$9.04.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its earnings results on Wednesday, November 8th. The company reported C$0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.09 by C$0.01. Fortuna Silver Mines had a net margin of 16.04% and a return on equity of 7.87%.

In other Fortuna Silver Mines news, insider Eric Chapman acquired 10,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was acquired at an average cost of C$5.19 per share, with a total value of C$51,900.00.

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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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