Fortuna Silver Mines (TSE:FVI) Coverage Initiated by Analysts at BMO Capital Markets

BMO Capital Markets initiated coverage on shares of Fortuna Silver Mines (TSE:FVI – Get Rating) (NYSE:FSM) in a research report report published on Tuesday morning, TipRanks reports. The firm issued a buy rating and a C$7.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on FVI. Canaccord Genuity Group cut their price objective on shares of Fortuna Silver Mines from C$6.00 to C$5.50 in a research report on Wednesday, January 19th. National Bankshares cut their price objective on shares of Fortuna Silver Mines from C$5.75 to C$5.50 and set a sector perform rating for the company in a research report on Monday, March 28th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of C$6.56.

Shares of TSE FVI opened at C$5.34 on Tuesday. The firm has a 50-day simple moving average of C$4.92 and a 200-day simple moving average of C$4.98. The stock has a market capitalization of C$1.56 billion and a price-to-earnings ratio of 18.48. The company has a quick ratio of 1.09, a current ratio of 1.69 and a debt-to-equity ratio of 13.07. Fortuna Silver Mines has a 52 week low of C$3.77 and a 52 week high of C$9.97.

Fortuna Silver Mines (TSE:FVI – Get Rating) (NYSE:FSM) last issued its earnings results on Wednesday, March 23rd. The company reported C$0.13 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.15 by C($0.02). The firm had revenue of C$249.37 million for the quarter, compared to analyst estimates of C$217.17 million. As a group, equities research analysts expect that Fortuna Silver Mines will post 0.41 EPS for the current year.

About Fortuna Silver Mines (Get Rating)

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; and the Lindero gold project located in Argentina.

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