National Bank Financial Research Analysts Reduce Earnings Estimates for Fortuna Silver Mines Inc. (FSM)

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Analysts at National Bank Financial reduced their FY2016 EPS estimates for Fortuna Silver Mines in a research report issued to clients and investors on Thursday. National Bank Financial analyst G. Doyle now anticipates that the firm will post earnings per share of $0.13 for the year, down from their prior forecast of $0.19. National Bank Financial also issued estimates for Fortuna Silver Mines’ Q4 2016 earnings at $0.06 EPS and FY2017 earnings at $0.36 EPS.

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Several other equities analysts have also weighed in on FSM. Canaccord Genuity upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Monday, October 24th. Zacks Investment Research upgraded shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Thursday, November 3rd. Finally, TheStreet lowered shares of Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Monday, November 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $9.00.

Shares of Fortuna Silver Mines (NYSE:FSM) opened at 6.66 on Monday. The stock’s 50 day moving average price is $6.28 and its 200 day moving average price is $7.02. Fortuna Silver Mines has a 52 week low of $3.15 and a 52 week high of $9.75. The firm’s market capitalization is $973.89 million.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by sleekmoney and is the property of of sleekmoney. If you are viewing this report on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The original version of this report can be read at http://sleekmoney.com/national-bank-financial-research-analysts-reduce-earnings-estimates-for-fortuna-silver-mines-inc-fsm/1657133.html.

Institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can increased its stake in shares of Fortuna Silver Mines by 142.3% in the third quarter. Great West Life Assurance Co. Can now owns 17,189 shares of the company’s stock worth $124,000 after buying an additional 10,094 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Fortuna Silver Mines by 443.8% in the third quarter. Tower Research Capital LLC TRC now owns 18,159 shares of the company’s stock worth $131,000 after buying an additional 14,820 shares during the last quarter. Shell Asset Management Co. increased its stake in shares of Fortuna Silver Mines by 8.8% in the third quarter. Shell Asset Management Co. now owns 16,049 shares of the company’s stock worth $153,000 after buying an additional 1,300 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Fortuna Silver Mines during the third quarter worth about $191,000. Finally, Eqis Capital Management Inc. increased its stake in shares of Fortuna Silver Mines by 2.5% in the third quarter. Eqis Capital Management Inc. now owns 37,639 shares of the company’s stock worth $273,000 after buying an additional 907 shares during the last quarter. Hedge funds and other institutional investors own 47.78% of the company’s stock.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.

5 Day Chart for NYSE:FSM

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