BMO Capital Markets lowers Fortuna Silver Mines (NYSE:FSM) price target to C$6.75

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Fortuna Silver Mines (NYSE: FSMGet a rating) (TSE: FVI) saw its target price lowered by equity analysts at BMO Capital Markets from C$7.00 to C$6.75 in a research report released Thursday, Fly reports.

A number of other research analysts have also recently published reports on the company. StockNews.com upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a Saturday, April 2 report. Canaccord Genuity Group upgraded Fortuna Silver Mines from a ‘hold’ rating to a ‘buy’ rating and reduced its price target for the company from $6.00 to $5.50 in a report released on Tuesday 18 january. Zacks Investment Research upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a Tuesday, April 5 report. Canaccord Genuity Group upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating in a report released Tuesday, January 18. Finally, National Bank Financial raised its price target on Fortuna Silver Mines from CA$5.50 to CA$6.50 in a Wednesday, April 20 report. One equity research analyst gave the stock a sell rating, four gave the company a hold rating and four gave the company a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $6.25.

Shares of NYSE: FSM opened at $3.04 on Thursday. Fortuna Silver Mines has a 52 week low of $2.66 and a 52 week high of $7.22. The company has a debt ratio of 0.12, a quick ratio of 1.17 and a current ratio of 1.69. The company’s fifty-day moving average is $3.86 and its 200-day moving average is $3.83. The company has a market capitalization of $887.32 million, a PE ratio of 13.82 and a beta of 1.28.

Fortuna Silver Mines (NYSE: FSMGet a rating) (TSE:FVI) last released its results on Wednesday, March 23. The basic materials company reported EPS of $0.12 for the quarter, missing the consensus estimate of $0.14 per ($0.02). Fortuna Silver Mines had a net margin of 9.79% and a return on equity of 9.22%. In the same quarter last year, the company posted earnings per share of $0.11. On average, analysts expect Fortuna Silver Mines to post EPS of 0.36 for the current year.

Major investors have recently changed their positions in the company. Citigroup Inc. acquired a new stake in Fortuna Silver Mines during the 1st quarter for a value of approximately $38,000. Aire Advisors LLC acquired a new position in shares of Fortuna Silver Mines during the 4th quarter worth approximately $39,000. Kestra Advisory Services LLC acquired a new equity position in Fortuna Silver Mines during Q4 worth approximately $39,000. Bank of New York Mellon Corp acquired a new position in shares of Fortuna Silver Mines during Q3 for a value of approximately $40,000. Finally, Squarepoint Ops LLC acquired a new position in Fortuna Silver Mines stock during Q3 worth approximately $44,000. 27.03% of the shares are held by hedge funds and other institutional investors.

About Fortuna Silver Mines (Get a rating)

Fortuna Silver Mines Inc engages in the acquisition, exploration and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru and Ivory Coast. It holds interests in the Caylloma silver, lead and zinc mine located in southern Peru; the San Jose silver and gold mine located in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine located in southwestern Burkina Faso; and the Séguéla gold mine located in southwestern Côte d’Ivoire.

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