CIBC Cuts Fortuna Silver Mines (TSE:FVI) Price Target to C$5.25

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price target cut by CIBC from C$6.25 to C$5.25 in a report released on Monday, BayStreet.CA reports.

Several other brokerages have also recently issued reports on FVI. National Bank Financial cut shares of Detour Gold to a hold rating in a research note on Friday, June 28th. Canaccord Genuity dropped their price objective on shares of Trevali Mining from C$0.75 to C$0.65 in a research note on Monday, April 15th.

Shares of FVI opened at C$4.73 on Monday. The company has a quick ratio of 2.31, a current ratio of 2.71 and a debt-to-equity ratio of 14.15. The firm has a market cap of $581.43 million and a PE ratio of 36.11. The firm has a fifty day moving average price of C$3.63. Fortuna Silver Mines has a 1 year low of C$3.22 and a 1 year high of C$7.39.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced its quarterly earnings data on Tuesday, May 14th. The company reported C$0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.04 by C$0.02. The firm had revenue of C$77.45 million during the quarter. On average, sell-side analysts anticipate that Fortuna Silver Mines will post 0.48 EPS for the current fiscal year.

In other news, Director Jorge A. Ganoza Durant acquired 54,716 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were bought at an average cost of C$3.92 per share, with a total value of C$214,219.71. Following the purchase, the director now owns 759,444 shares of the company’s stock, valued at approximately C$2,973,314.39.

About Fortuna Silver Mines

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

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