National Bank Financial lowers price target on Fortuna Silver Mines (NYSE: FSM) to CAD 7.00
Fortuna Silver Mines (NYSE: FSM) (TSE: FVI) The price target was lowered from CAD 7.75 to CAD 7.00 by stock analysts at National Bank Financial in a research note released on Friday, reports The Fly. The company currently has a “Sector Perform” rating on the basic materials company’s stock. National Bank Financial also announced Fortuna Silver Mines earnings estimates of $ 0.60 per share for FY 2021, FY 2022 at $ 0.90 per share, and FY 2023 at $ 0.97 per share.
A number of other equity analysts have also published reports on FSM. TheStreet downgraded Fortuna Silver Mines from a “b-” rating to a “c +” rating in a research report on Thursday, August 12th. CIBC lowered its target price for Fortuna Silver Mines from CAD 9.50 to CAD 9.00 in a research report on Wednesday June 23rd. Pi Financial upgraded Fortuna Silver Mines shares from a “neutral” rating to a “buy” rating on Tuesday, July 27th, in a research release. BMO Capital Markets lowered its target price on Fortuna Silver Mines shares from CAD 9.75 to CAD 9.00 and issued an “outperform” rating for the stock in a research note on Thursday. Finally, in a research release on Friday, August 13th, Zacks Investment Research downgraded Fortuna Silver Mines from a “hold” rating to a “sell” rating. One analyst rated the stock with a sell rating, three with a hold rating, and two with a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $ 7.75.
Fortuna Silver Mines stock traded around $ 0.02 during Friday midday trading to hit $ 4.20. The share had a trading volume of 138,103 shares compared to an average volume of 3,944,391 shares. Fortuna Silver Mines has a twelve month low of $ 3.81 and a twelve month high of $ 9.85. The stock has a market cap of $ 1.22 billion, a P / E of 11.05, and a beta of 1.12. The company has a debt of 0.07, a quick ratio of 1.00 and a current ratio of 1.25. The stock’s 50-day simple moving average is $ 4.56 and the 200-day simple moving average is $ 5.99.
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Fortuna Silver Mines (NYSE: FSM) (TSE: FVI) last released its earnings results on Wednesday, August 11th. The materials company reported earnings per share of $ 0.11 for the quarter, beating Zacks’ consensus estimate of $ 0.08 by $ 0.03. Fortuna Silver Mines had a return on equity of 11.92% and a net margin of 17.47%. Stock analysts assume that Fortuna Silver Mines will achieve earnings per share of 0.61 for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares in the stock. Goldman Sachs Group Inc. increased its stake in Fortuna Silver Mines by 38.6% in the first quarter. Goldman Sachs Group Inc. now owns 438,991 shares in the materials company valued at $ 2,840,000, after acquiring an additional 122,346 shares during the period. Comerica Bank acquired a new position in Fortuna Silver Mines valued at approximately $ 80,000 in the first quarter. Geode Capital Management LLC increased its holdings in Fortuna Silver Mines by 26.8% in the first quarter. Geode Capital Management LLC now owns 43,338 shares in the materials company valued at $ 281,000 after purchasing an additional 9,167 shares during the period. Bank of New York Mellon Corp acquired a new position in Fortuna Silver Mines valued at approximately $ 76,000 in the first quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Fortuna Silver Mines by 22.2% in the first quarter. Commonwealth Equity Services LLC now owns 47,467 shares in the materials company valued at $ 307,000 after purchasing an additional 8,610 shares during the period. Institutional investors and hedge funds own 21.92% of the company’s stock.
Fortuna Silver Mines company profile
Fortuna Silver Mines, Inc. is engaged in the exploration, extraction and processing of precious and base metals in Latin America. It operates in the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de CV (Cuzcatian), Mansfield Minera SA (Mansfield) and Corporate. The Beates segment operates the Caylloma silver, lead and zinc mine.
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