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 reduced by Laurentian Bank of Canada from C$6.60 to C$4.50 in a research note issued to investors on Monday morning, Stock Target Advisor reports.

FVI has been the topic of a number of other reports. 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 cut their target price on shares of Fortuna Silver Mines from C$5.75 to C$4.75 in a report on Monday, March 16th. National Bank Financial cut 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. BMO Capital Markets set a C$6.00 price objective on shares of Fortuna Silver Mines in a research note on Friday, March 13th. Finally, Canaccord Genuity boosted their price objective on shares of Fortuna Silver Mines from C$6.00 to C$7.00 in a research note on Wednesday, January 15th.

Shares of Fortuna Silver Mines stock opened at C$3.78 on Monday. The firm’s fifty day simple moving average is C$4.25 and its 200-day simple moving average is C$4.48. The stock has a market capitalization of $522.55 million and a price-to-earnings ratio of 27.00. Fortuna Silver Mines has a 12 month low of C$2.05 and a 12 month high of C$6.12. The company has a debt-to-equity ratio of 26.96, a current ratio of 1.70 and a quick ratio of 1.46.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced its 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 during the quarter. Analysts anticipate that Fortuna Silver Mines will post 0.59 earnings per share for the current 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.

Read More: What is dollar cost averaging (DCA)?

Receive News & Ratings for Fortuna Silver Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Silver Mines and related companies with MarketBeat.com's FREE daily email newsletter.