Laurentian Bank of Canada Trims Fortuna Silver Mines (TSE:FVI) Target Price to C$4.50

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective cut by Laurentian Bank of Canada from C$6.60 to C$4.50 in a report released on Monday morning, Stock Target Advisor reports.

Other research analysts have also issued reports about the stock. Pi Financial set a C$5.80 target price on shares of Fortuna Silver Mines and gave the company a buy rating in a report on Thursday, March 12th. CIBC reduced their target price on shares of Fortuna Silver Mines from C$5.75 to C$4.75 in a report on Monday, March 16th. Laurentian reduced their target price on shares of Fortuna Silver Mines from C$6.60 to C$4.50 in a report on Monday. National Bank Financial reduced their target price on shares of Fortuna Silver Mines from C$6.00 to C$5.25 and set a sector perform rating on the stock in a report on Friday, March 13th. Finally, Canaccord Genuity upped their target price on shares of Fortuna Silver Mines from C$6.00 to C$7.00 in a report on Wednesday, January 15th.

TSE:FVI opened at C$3.78 on Monday. The firm has a market cap of $522.55 million and a price-to-earnings ratio of 27.00. The company has a current ratio of 1.70, a quick ratio of 1.46 and a debt-to-equity ratio of 26.96. The company’s 50-day moving average is C$4.25 and its two-hundred day moving average is C$4.48. Fortuna Silver Mines has a 12-month low of C$2.05 and a 12-month high of C$6.12.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its earnings results on Wednesday, March 11th. The company reported C$0.09 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of C$0.09. The firm had revenue of C$91.05 million during the quarter. On average, equities research analysts forecast that Fortuna Silver Mines will post 0.59 earnings per share for the current fiscal year.

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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