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Aug 24, 2023

Fortuna Silver Mines (TSE:FVI) PT Lowered to C$6.50 at National Bankshares

Fortuna Silver Mines (TSE:FVI - Get Free Report) (NYSE:FSM) had its price objective cut by equities research analysts at National Bankshares from C$6.75 to C$6.50 in a note issued to investors on

Fortuna Silver Mines (TSE:FVI - Get Free Report) (NYSE:FSM) had its price objective cut by equities research analysts at National Bankshares from C$6.75 to C$6.50 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bankshares' price target indicates a potential upside of 60.89% from the stock's previous close.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group cut their price target on Fortuna Silver Mines from C$7.00 to C$6.00 in a research note on Wednesday, May 17th. CIBC lifted their price target on Fortuna Silver Mines from C$6.50 to C$7.00 in a research note on Friday, July 14th.

Get Our Latest Stock Report on Fortuna Silver Mines

Shares of TSE FVI traded down C$0.06 during trading on Friday, hitting C$4.04. 151,429 shares of the company were exchanged, compared to its average volume of 588,271. The company has a market cap of C$1.18 billion, a price-to-earnings ratio of -6.22 and a beta of 1.27. Fortuna Silver Mines has a 1 year low of C$2.82 and a 1 year high of C$5.61. The firm's fifty day moving average price is C$4.35 and its 200 day moving average price is C$4.64. The company has a debt-to-equity ratio of 25.95, a current ratio of 1.98 and a quick ratio of 1.15.

Fortuna Silver Mines (TSE:FVI - Get Free Report) (NYSE:FSM) last issued its earnings results on Wednesday, August 9th. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.07 by C($0.06). The company had revenue of C$212.77 million for the quarter, compared to analysts' expectations 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 will post 0.2682927 earnings per share for the current fiscal year.

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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