Fortuna Silver Mines Inc. (TSE:FVI) – Equities researchers at Raymond James Financial dropped their FY2016 EPS estimates for Fortuna Silver Mines in a research note issued on Friday. Raymond James Financial analyst C. Thompson now forecasts that the brokerage will earn $0.26 per share for the year, down from their previous estimate of $0.38. Raymond James Financial also issued estimates for Fortuna Silver Mines’ FY2017 earnings at $0.55 EPS.
FVI has been the subject of several other reports. Canaccord Genuity upped their target price on Fortuna Silver Mines from C$11.75 to C$12.25 and gave the company a “hold” rating in a report on Tuesday, August 9th. CIBC upped their target price on Fortuna Silver Mines from C$11.75 to C$13.00 in a report on Wednesday, August 10th. BMO Capital Markets reduced their target price on Fortuna Silver Mines from C$11.50 to C$9.00 and set a “market perform” rating for the company in a report on Wednesday, August 10th. Finally, National Bank Financial upped their target price on Fortuna Silver Mines from C$10.00 to C$14.50 in a report on Wednesday, July 13th.
Shares of Fortuna Silver Mines (TSE:FVI) opened at 9.38 on Monday. The stock’s market cap is $1.36 billion. The firm has a 50-day moving average price of $10.79 and a 200 day moving average price of $8.75. Fortuna Silver Mines has a 12-month low of $2.83 and a 12-month high of $12.73.
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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