Fortuna Silver Mines (TSX: FVI), the Materials sector company was revisited on October 10, and remains undervalued for at least one analyst on the street. The company received a Buy on October 10 from Canaccord Genuity’s analyst Dalton Baretto, with a C$7.50 price target.
According to TipRanks.com, Baretto is a 4-star analyst with an average return of 5.3% and a 43.9% success rate. Baretto covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Fortuna Silver Mines, and Hecla Mining Company.
Fortuna Silver Mines has an analyst consensus of Moderate Buy, with a price target consensus of C$7.75.
Based on Fortuna Silver Mines’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$14.4 million. In comparison, last year the company had a net profit of C$12.87 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 Friday at C$5.30.