Fortuna Silver Mines Inc. (TSE:FVI) Given Average Recommendation of “Hold” by Analysts

Shares of Fortuna Silver Mines Inc. (TSE:FVIGet Rating) (NYSE:FSM) have been assigned a consensus rating of “Hold” from the nine brokerages that are covering the firm, reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$6.50.

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group dropped their price target on shares of Fortuna Silver Mines from C$6.00 to C$5.50 in a report on Wednesday, January 19th. National Bankshares lowered their price objective on shares of Fortuna Silver Mines from C$5.75 to C$5.50 and set a “sector perform” rating on the stock in a research report on Monday, March 28th. Finally, BMO Capital Markets assumed coverage on shares of Fortuna Silver Mines in a research report on Tuesday. They issued a “buy” rating and a C$7.00 target price for the company.

Shares of FVI opened at C$5.61 on Friday. The company has a market cap of C$1.64 billion and a price-to-earnings ratio of 19.41. The business’s fifty day simple moving average is C$5.00 and its two-hundred day simple moving average is C$4.99. Fortuna Silver Mines has a 12 month low of C$3.77 and a 12 month high of C$9.97. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 13.07.

Fortuna Silver Mines (TSE:FVIGet Rating) (NYSE:FSM) last announced its quarterly earnings results on Wednesday, March 23rd. The company reported C$0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.02). The firm had revenue of C$249.37 million during the quarter, compared to analysts’ expectations of C$217.17 million. As a group, research analysts forecast that Fortuna Silver Mines will post 0.41 EPS for the current year.

Fortuna Silver Mines Company Profile (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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Analyst Recommendations for Fortuna Silver Mines (TSE:FVI)

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