National Bank Financial Equities Analysts Reduce Earnings Estimates for Fortuna Silver Mines Inc (TSE:FVI)

Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) – Investment analysts at National Bank Financial reduced their FY2021 earnings estimates for Fortuna Silver Mines in a research report issued to clients and investors on Monday, May 20th, Zacks Investment Research reports. National Bank Financial analyst D. Demarco now expects that the company will earn $0.76 per share for the year, down from their prior estimate of $0.92. National Bank Financial currently has a “Sector Perform” rating and a $6.50 price objective on the stock.

FVI has been the subject of several other reports. Canaccord Genuity set a C$6.50 price target on shares of Fortuna Silver Mines in a report on Monday, April 15th. CIBC cut shares of Fortuna Silver Mines from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 5th. Finally, BMO Capital Markets set a C$7.50 price target on shares of Fortuna Silver Mines and gave the stock an “outperform” rating in a report on Thursday, February 21st.

Shares of FVI traded down C$0.01 during midday trading on Wednesday, hitting C$3.35. The stock had a trading volume of 1,323,209 shares, compared to its average volume of 422,916. Fortuna Silver Mines has a fifty-two week low of C$3.22 and a fifty-two week high of C$7.78. The stock has a market cap of $538.18 million and a price-to-earnings ratio of 25.57. The company has a debt-to-equity ratio of 14.15, a current ratio of 2.71 and a quick ratio of 2.31.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced its earnings results on Tuesday, May 14th. The company reported C$0.06 EPS for the quarter, topping the consensus estimate of C$0.04 by C$0.02. The firm had revenue of C$77.45 million during the quarter.

Fortuna Silver Mines Company Profile

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

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Earnings History and Estimates for Fortuna Silver Mines (TSE:FVI)

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