Fortuna Silver Mines (TSE:FVI) Given “Buy” Rating at Pi Financial

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM)‘s stock had its “buy” rating reissued by analysts at Pi Financial in a research note issued on Thursday, BayStreet.CA reports. They presently have a C$6.50 price target on the stock. Pi Financial’s target price would indicate a potential upside of 27.45% from the company’s previous close.

A number of other research analysts have also weighed in on FVI. BMO Capital Markets reduced their price target on Fortuna Silver Mines from C$7.75 to C$7.25 in a research note on Thursday, October 3rd. National Bank Financial reduced their price target on Fortuna Silver Mines from C$7.50 to C$7.00 in a research note on Monday, October 21st. Finally, Canaccord Genuity increased their price target on Fortuna Silver Mines from C$6.00 to C$7.00 in a research note on Wednesday.

Shares of Fortuna Silver Mines stock traded up C$0.04 during trading hours on Thursday, reaching C$5.10. 354,199 shares of the company’s stock were exchanged, compared to its average volume of 448,010. Fortuna Silver Mines has a 52-week low of C$3.22 and a 52-week high of C$6.12. The firm has a market capitalization of $796.65 million and a price-to-earnings ratio of 121.43. The company has a fifty day moving average of C$4.79 and a 200-day moving average of C$4.60. The company has a current ratio of 1.57, a quick ratio of 1.31 and a debt-to-equity ratio of 22.26.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued its quarterly earnings results on Thursday, November 14th. The company reported C$0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.03. The business had revenue of C$81.08 million for the quarter. On average, equities research analysts anticipate that Fortuna Silver Mines will post 0.46 earnings per share for the current fiscal year.

Fortuna Silver Mines Company Profile

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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