Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) – Stock analysts at National Bank Financial cut their FY2018 earnings estimates for Fortuna Silver Mines in a research note issued to investors on Wednesday. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.36 per share for the year, down from their prior forecast of $0.39. National Bank Financial currently has a “Outperform” rating and a $7.50 target price on the stock.
Several other brokerages have also recently weighed in on FVI. BMO Capital Markets restated an “outperform” rating and set a C$8.00 price objective on shares of Fortuna Silver Mines in a research note on Friday, November 17th. CIBC dropped their price objective on Fortuna Silver Mines from C$8.00 to C$7.50 in a research note on Thursday, October 12th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of C$8.17.
Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued its quarterly earnings data on Wednesday, November 8th. The company reported C$0.10 earnings per share for the quarter, beating the consensus estimate of C$0.09 by C$0.01. Fortuna Silver Mines had a return on equity of 7.87% and a net margin of 16.04%. The business had revenue of C$80.28 million for the quarter, compared to analysts’ expectations of C$71.68 million.
In other Fortuna Silver Mines news, insider Eric Chapman bought 10,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of C$5.19 per share, for a total transaction of C$51,900.00.
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About Fortuna Silver Mines
Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.
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