Fortuna Silver Mines (FVI) PT Lowered to C$5.50 at CIBC

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its target price dropped by analysts at CIBC from C$7.50 to C$5.50 in a research report issued on Tuesday. CIBC’s target price would suggest a potential downside of 23.72% from the stock’s current price.

Separately, BMO Capital Markets upped their price objective on shares of Fortuna Silver Mines from C$8.25 to C$8.50 and gave the stock an “outperform” rating in a report on Friday, February 23rd. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$7.92.

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Shares of FVI stock traded up C$0.13 during trading hours on Tuesday, hitting C$7.21. The company had a trading volume of 297,267 shares, compared to its average volume of 387,223. Fortuna Silver Mines has a fifty-two week low of C$5.13 and a fifty-two week high of C$7.23.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued its quarterly earnings data on Thursday, March 15th. The company reported C$0.10 EPS for the quarter, topping the consensus estimate of C$0.09 by C$0.01. Fortuna Silver Mines had a net margin of 16.04% and a return on equity of 7.87%. The firm had revenue of C$95.71 million for the quarter, compared to analyst estimates of C$76.20 million.

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Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of mineral properties in Latin America. The company explores for silver, gold, lead, and zinc deposits. It holds interests in the Caylloma mine located in southern Peru; and the San Jose mine located in the State of Oaxaca in southern Mexico, as well as develops the Lindero gold project situated in northwestern Argentina.

Analyst Recommendations for Fortuna Silver Mines (TSE:FVI)

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