BMO Capital Markets Raises Fortuna Silver Mines (TSE:FVI) Target Price to C$7.00

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Fortuna Silver Mines (TSE: FVI – Get a rating) (NYSE:FSM) had its price target raised by equity researchers at BMO Capital Markets from C$6.75 to C$7.00 in a report on Friday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 32.33% from the current share price.

Other equity research analysts have also recently released reports on the company. Canaccord Genuity Group reduced its target price on Fortuna Silver Mines from C$6.00 to C$5.50 in a Wednesday, January 19 report. upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a Friday, November 19 research note. Finally, CIBC reduced its price target on Fortuna Silver Mines from C$7.75 to C$6.00 in a Wednesday, November 24 research report. Five equity research analysts gave the stock a hold rating and two gave the stock a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$6.67.

The FVI traded at C$0.02 during Friday’s session, reaching C$5.29. 616,377 shares of the company were traded, against an average volume of 962,617. Fortuna Silver Mines has a 52-week low of C$3.77 and a 52-week high of C$9.97. The stock has a market capitalization of C$1.54 billion and a P/E ratio of 14.69. The company has a 50-day moving average of C$4.74 and a 200-day moving average of C$5.05. The company has a current ratio of 0.96, a quick ratio of 0.67 and a debt ratio of 15.53.

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About Fortuna Silver Mines (Get a rating)

Fortuna Silver Mines Inc is engaged in the exploration, extraction and processing of precious and base metal deposits in Latin America. Its principal properties include the Caylloma silver, lead and zinc mine located in southern Peru; the San Jose silver and gold mine located in southern Mexico; and the Lindero gold project located in Argentina.

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Analyst Recommendations for Fortuna Silver Mines (TSE:FVI)

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