Fortuna Silver Mines (TSE:FVI) Price Target Cut to C$4.50

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective reduced by equities research analysts at National Bank Financial from C$5.25 to C$4.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price points to a potential upside of 19.05% from the stock’s previous close.

FVI has been the topic of a number of other reports. Pi Financial set a C$5.80 price target on Fortuna Silver Mines and gave the company a “buy” rating in a report on Thursday, March 12th. Canaccord Genuity lifted their target price on Fortuna Silver Mines from C$6.00 to C$7.00 in a report on Wednesday, January 15th. Laurentian Bank of Canada lowered their target price on Fortuna Silver Mines from C$6.60 to C$4.50 in a report on Monday. BMO Capital Markets set a C$6.00 target price on Fortuna Silver Mines in a report on Friday, March 13th. Finally, Laurentian lowered their target price on Fortuna Silver Mines from C$6.60 to C$4.50 in a report on Monday.

Shares of FVI opened at C$3.78 on Wednesday. The firm has a market capitalization of $522.55 million and a price-to-earnings ratio of 27.00. The company has a debt-to-equity ratio of 26.96, a quick ratio of 1.46 and a current ratio of 1.70. Fortuna Silver Mines has a one year low of C$2.05 and a one year high of C$6.12. The stock’s fifty day moving average is C$4.25 and its 200-day moving average is C$4.48.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued its quarterly earnings results on Wednesday, March 11th. The company reported C$0.09 EPS for the quarter, meeting analysts’ consensus estimates of C$0.09. The business had revenue of C$91.05 million for the quarter. Analysts forecast that Fortuna Silver Mines will post 0.59 EPS for the current fiscal year.

About Fortuna Silver Mines

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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