Fortuna Silver Mines (TSE:FVI) Reaches New 1-Year Low at $3.22
Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) reached a new 52-week low on Monday . The company traded as low as C$3.22 and last traded at C$3.26, with a volume of 498669 shares trading hands. The stock had previously closed at C$3.35.
A number of research firms have recently weighed in on FVI. Canaccord Genuity set a C$6.50 price target on Fortuna Silver Mines in a report on Monday, April 15th. National Bank Financial cut their price target on Fortuna Silver Mines from C$7.25 to C$7.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 27th. CIBC cut Fortuna Silver Mines from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 5th. Finally, BMO Capital Markets set a C$7.50 price target on Fortuna Silver Mines and gave the company an “outperform” rating in a report on Thursday, February 21st.
The firm has a market capitalization of $536.58 million and a P/E ratio of 24.92. The company has a quick ratio of 2.31, a current ratio of 2.71 and a debt-to-equity ratio of 14.15.
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About Fortuna Silver Mines (TSE:FVI)
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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