Shares of Fortuna Silver Mines Inc. (TSE:FVI – Get Free Report) (NYSE:FSM) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.31 and traded as high as C$4.31. Fortuna Silver Mines shares last traded at C$4.07, with a volume of 1,855,375 shares trading hands.
Analysts Set New Price Targets
FVI has been the subject of several recent research reports. Pi Financial lowered their target price on shares of Fortuna Silver Mines from C$5.00 to C$4.00 and set a “neutral” rating for the company in a research note on Thursday, October 26th. National Bankshares lowered their price target on shares of Fortuna Silver Mines from C$6.50 to C$5.50 and set a “sector perform” rating for the company in a research report on Monday, October 23rd. Finally, CIBC upped their price target on shares of Fortuna Silver Mines from C$6.50 to C$7.00 in a research report on Friday, July 14th.
Fortuna Silver Mines Stock Up 2.8 %
Fortuna Silver Mines (TSE:FVI – Get Free Report) (NYSE:FSM) last posted its quarterly earnings data on Wednesday, August 9th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.07 by C($0.06). The company had revenue of C$212.77 million during the quarter, compared to analyst estimates of C$215.16 million. Fortuna Silver Mines had a negative return on equity of 10.82% and a negative net margin of 21.42%. On average, sell-side analysts expect that Fortuna Silver Mines Inc. will post 0.4703196 EPS for the current fiscal year.
About Fortuna Silver Mines
Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine located in southern Mexico; the Lindero gold project located in Northern Argentina; Yaramoko gold mine located in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.
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