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

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its target price cut by Laurentian from C$6.60 to C$4.50 in a research note published on Monday, BayStreet.CA reports.

Several other research firms have also commented on FVI. 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. CIBC reduced their price objective on shares of Fortuna Silver Mines from C$5.75 to C$4.75 in a research note on Monday, March 16th. Pi Financial set a C$5.80 price objective on shares of Fortuna Silver Mines and gave the stock a buy rating in a research note on Thursday, March 12th. BMO Capital Markets set a C$6.00 price target on shares of Fortuna Silver Mines in a research note on Friday, March 13th. Finally, National Bank Financial cut their price target 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 research note on Friday, March 13th.

TSE FVI opened at C$3.78 on Monday. The company has a quick ratio of 1.46, a current ratio of 1.70 and a debt-to-equity ratio of 26.96. The firm has a market cap of $522.55 million and a PE ratio of 27.00. The company has a 50 day moving average price of C$4.25 and a 200 day moving average price of C$4.48. Fortuna Silver Mines has a 52 week low of C$2.05 and a 52 week high of C$6.12.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C$0.09 EPS for the quarter, hitting the consensus estimate of C$0.09. The firm had revenue of C$91.05 million for the quarter. On average, equities research analysts anticipate 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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