Fortuna Silver Mines (TSE:FVI) Cut to “Underperform” at CIBC

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) was downgraded by analysts at CIBC from a “neutral” rating to an “underperform” rating in a research report issued on Tuesday,BayStreet.CA reports. They presently have a C$7.00 price target on the stock, down from their previous price target of C$8.00. CIBC’s target price points to a potential upside of 5.74% from the stock’s current price.

Fortuna Silver Mines Stock Down 9.4 %

Shares of FVI traded down C$0.69 during mid-day trading on Tuesday, reaching C$6.62. The company’s stock had a trading volume of 984,615 shares, compared to its average volume of 725,089. The business has a fifty day moving average of C$6.69 and a 200 day moving average of C$6.57. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of 58.76 and a beta of 1.63. Fortuna Silver Mines has a 1 year low of C$3.57 and a 1 year high of C$8.68. The company has a quick ratio of 1.15, a current ratio of 1.94 and a debt-to-equity ratio of 13.30.

About Fortuna Silver Mines

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d’Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d’Ivoire.