Fortuna Silver Mines Inc. (FVI) Forecasted to Earn Q3 2016 Earnings of $0.11 Per Share
Fortuna Silver Mines Inc. (TSE:FVI) – Investment analysts at National Bank Financial dropped their Q3 2016 earnings per share estimates for Fortuna Silver Mines in a report issued on Wednesday. National Bank Financial analyst G. Doyle now anticipates that the brokerage will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.12.
A number of other brokerages also recently weighed in on FVI. Raymond James Financial Inc. lowered their price target on Fortuna Silver Mines from C$12.00 to C$8.25 in a report on Tuesday, July 26th. CIBC boosted their price target on Fortuna Silver Mines from C$11.75 to C$13.00 in a report on Wednesday, August 10th. Canaccord Genuity boosted their price target 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. Finally, BMO Capital Markets lowered their price target 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.
Fortuna Silver Mines (TSE:FVI) opened at 8.84 on Monday. The stock’s market cap is $1.28 billion. The firm has a 50-day moving average price of $9.65 and a 200 day moving average price of $9.12. Fortuna Silver Mines has a 52-week low of $2.92 and a 52-week 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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