Fortuna Silver Mines (FVI) Price Target Cut to C$8.65

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price target lowered by equities research analysts at Pi Financial from C$8.80 to C$8.65 in a research note issued on Tuesday, June 5th. Pi Financial’s target price suggests a potential upside of 15.64% from the stock’s previous close.

Several other analysts also recently issued reports on the company. BMO Capital Markets boosted their price target on Fortuna Silver Mines from C$8.25 to C$8.50 and gave the company an “outperform” rating in a research note on Friday, February 23rd. CIBC cut their target price on Fortuna Silver Mines from C$7.50 to C$5.50 in a research report on Tuesday, April 17th. Finally, National Bank Financial reissued a “sector perform overweight” rating on shares of Fortuna Silver Mines in a report on Friday, May 11th.

Fortuna Silver Mines traded up C$0.05, reaching C$7.48, during midday trading on Tuesday, according to MarketBeat Ratings. 270,497 shares of the company were exchanged, compared to its average volume of 377,997. Fortuna Silver Mines has a one year low of C$5.13 and a one year high of C$7.69.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced its earnings results on Wednesday, May 9th. The company reported C$0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.09 by C$0.02. Fortuna Silver Mines had a return on equity of 7.87% and a net margin of 16.04%. The business had revenue of C$89.00 million for the quarter, compared to analyst estimates of C$82.53 million.

About Fortuna Silver Mines

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. It explores for silver, gold, lead, and zinc deposits. The company holds interests in the Caylloma mine located in southern Peru; and the San Jose mine situated in the state of Oaxaca in southern Mexico.

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