In a new note to investors yesterday, an analyst has provided a rating update for Fortuna Silver Mines (FVI). The company received a Buy rating from BMO Capital’s analyst Ryan Thompson, with a C$7.50 price target.
According to TipRanks.com, Thompson is a 3-star analyst with an average return of 3.0% and a 57.1% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as SilverCrest Metals Inc, Endeavour Silver Corp, and First Majestic Silver.
Fortuna Silver Mines has an analyst consensus of Moderate Buy, with a price target consensus of C$6.83.
Based on Fortuna Silver Mines’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$8.96 million. In comparison, last year the company had a net profit of C$43.4 million.
Fortuna Silver Mines, Inc. engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following business segments: Bateas, Cuzcatlan, Lindero, and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine. The Cuzcatlan segment handles the San Jose silver-gold mine.
The company’s shares closed on Wednesday at C$5.01.
