CIBC Cuts Fortuna Silver Mines (TSE:FVI) Price Target to C$5.25

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective decreased by CIBC from C$6.25 to C$5.25 in a research report released on Monday morning, BayStreet.CA reports.

Several other research firms have also commented on FVI. National Bank Financial lowered shares of Detour Gold to a hold rating in a research note on Friday, June 28th. Canaccord Genuity lowered their price objective on shares of Trevali Mining from C$0.75 to C$0.65 in a research note on Monday, April 15th.

TSE FVI opened at C$4.73 on Monday. The company has a 50 day simple moving average of C$3.63. The company has a current ratio of 2.71, a quick ratio of 2.31 and a debt-to-equity ratio of 14.15. Fortuna Silver Mines has a one year low of C$3.22 and a one year high of C$7.39. The stock has a market capitalization of $581.43 million and a price-to-earnings ratio of 36.11.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.04 by C$0.02. The business had revenue of C$77.45 million during the quarter. As a group, analysts forecast that Fortuna Silver Mines will post 0.48 EPS for the current fiscal year.

In other news, Director Jorge A. Ganoza Durant purchased 54,716 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was bought at an average price of C$3.92 per share, for a total transaction of C$214,219.71. Following the completion of the purchase, the director now directly owns 759,444 shares of the company’s stock, valued at C$2,973,314.39.

Fortuna Silver Mines Company Profile

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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