Fortuna Silver Mines (TSE:FVI) coverage initiated by BMO Capital Markets analysts

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BMO Capital Markets has initiated a hedge on the shares of Fortuna Silver Mines (EAST: FVIGet a rating) (NYSE:FSM) in a research report released Tuesday morning, TipRanks reports. The company has issued a buy rating and price target of C$7.00 on the stock.

Several other equity research analysts have also recently published reports on FVI. Canaccord Genuity Group lowered its price target on Fortuna Silver Mines shares from C$6.00 to C$5.50 in a Wednesday, January 19 research report. National Bankshares cut its price target on Fortuna Silver Mines shares from C$5.75 to C$5.50 and set a sector performance rating for the company in a Monday, March 28 research report. Five analysts gave the stock a hold rating and two gave the company a buy rating. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of C$6.56.

Shares of IS FVI opened at C$5.34 on Tuesday. The company has a 50-day simple moving average of C$4.92 and a 200-day simple moving average of C$4.98. The stock has a market cap of C$1.56 billion and a price-to-earnings ratio of 18.48. The company has a quick ratio of 1.09, a current ratio of 1.69 and a debt ratio of 13.07. Fortuna Silver Mines has a 52-week low of C$3.77 and a 52-week high of C$9.97.

Fortuna Silver Mines (EAST: FVIGet a rating) (NYSE:FSM) last reported results on Wednesday, March 23. The company reported EPS of C$0.13 for the quarter, missing Zacks’ consensus estimate of C$0.15 by C$0.02. The company posted revenue of C$249.37 million for the quarter, compared to analyst estimates of C$217.17 million. As a group, equity research analysts expect Fortuna Silver Mines to post EPS of 0.41 for the current year.

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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