Fortuna Silver Mines Inc. (FVI) Forecasted to Post FY2016 Earnings of $0.25 Per Share
Fortuna Silver Mines Inc. (TSE:FVI) – Equities research analysts at National Bank Financial lowered their FY2016 earnings estimates for Fortuna Silver Mines in a report issued on Wednesday. National Bank Financial analyst G. Doyle now expects that the firm will post earnings per share of $0.25 for the year, down from their previous estimate of $0.30. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2017 earnings at $0.43 EPS.
A number of other brokerages have also recently commented on FVI. Canaccord Genuity boosted their price objective on Fortuna Silver Mines from C$11.75 to C$12.25 and gave the stock a “hold” rating in a research note on Tuesday, August 9th. CIBC boosted their price target on Fortuna Silver Mines from C$11.75 to C$13.00 in a research note on Wednesday, August 10th. BMO Capital Markets cut their price target on Fortuna Silver Mines from C$11.50 to C$9.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 10th. Finally, Raymond James Financial Inc. cut their price target on Fortuna Silver Mines from C$12.00 to C$8.25 in a research note on Tuesday, July 26th.
Shares of Fortuna Silver Mines (TSE:FVI) opened at 8.26 on Friday. Fortuna Silver Mines has a 52-week low of $2.92 and a 52-week high of $12.73. The firm’s market capitalization is $1.20 billion. The firm’s 50-day moving average price is $9.76 and its 200-day moving average price is $9.02.
Fortuna Silver Mines Company Profile
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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