Trading Report: Today: Fortuna Silver Mines Inc. to Post Q3 2016 Earnings of $0.11 Per Share, National Bank Financial Forecasts (FVI)

Today: Fortuna Silver Mines Inc. to Post Q3 2016 Earnings of $0.11 Per Share, National Bank Financial Forecasts (FVI)

Fortuna Silver Mines Inc. (TSE:FVI) – Investment analysts at National Bank Financial dropped their Q3 2016 earnings per share estimates for Fortuna Silver Mines in a research report issued to clients and investors on Wednesday. National Bank Financial analyst G. Doyle now forecasts that the brokerage will post earnings per share of $0.11 for the quarter, down from their prior forecast of $0.12.

A number of other equities research analysts also recently issued reports on FVI. Raymond James Financial Inc. reduced their price objective on shares of Fortuna Silver Mines from C$12.00 to C$8.25 in a research note on Tuesday, July 26th. Canaccord Genuity increased their target price on shares of Fortuna Silver Mines from C$11.75 to C$12.25 and gave the stock a “hold” rating in a report on Tuesday, August 9th. BMO Capital Markets dropped their target price on shares of Fortuna Silver Mines from C$11.50 to C$9.00 and set a “market perform” rating for the company in a report on Wednesday, August 10th. Finally, CIBC increased their target price on shares of Fortuna Silver Mines from C$11.75 to C$13.00 in a report on Wednesday, August 10th.

Shares of Fortuna Silver Mines (TSE:FVI) opened at 8.26 on Monday. The stock’s 50 day moving average is $9.76 and its 200 day moving average is $9.02. Fortuna Silver Mines has a 12 month low of $2.92 and a 12 month high of $12.73. The firm’s market cap is $1.20 billion.

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