Fortuna Silver Mines Inc. (TSE:FVI) – National Bank Financial dropped their FY2016 earnings estimates for Fortuna Silver Mines in a research note issued to investors on Wednesday. National Bank Financial analyst G. Doyle now anticipates that the firm will post earnings of $0.25 per share for the year, down from their prior estimate of $0.30. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2017 earnings at $0.43 EPS.
A number of other research firms have also weighed in on FVI. Canaccord Genuity raised 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 raised 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 dropped their target price on Fortuna Silver Mines from C$11.50 to C$9.00 and set a “market perform” rating on the stock in a report on Wednesday, August 10th. Finally, Raymond James Financial Inc. dropped their target price on Fortuna Silver Mines from C$12.00 to C$8.25 in a report on Tuesday, July 26th.
Shares of Fortuna Silver Mines (TSE:FVI) traded down 5.38% on Friday, reaching $8.26. The company’s stock had a trading volume of 492,795 shares. Fortuna Silver Mines has a 52-week low of $2.92 and a 52-week high of $12.73. The stock’s market cap is $1.20 billion. The firm’s 50 day moving average is $9.82 and its 200-day moving average is $8.99.
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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