Fortuna Silver Mines (TSE:FVI) Downgraded to Underperform Rating by CIBC

CIBC cut shares of Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) from a neutral rating to an underperform rating in a research note published on Tuesday morning,BayStreet.CA reports. The firm currently has C$7.00 price objective on the stock, down from their prior price objective of C$8.00.

Fortuna Silver Mines Trading Down 8.3 %

Shares of FVI stock opened at C$6.70 on Tuesday. 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 debt-to-equity ratio of 13.30, a current ratio of 1.94 and a quick ratio of 1.15. The stock’s 50 day simple moving average is C$6.69 and its two-hundred day simple moving average is C$6.57. The company has a market cap of C$1.48 billion, a PE ratio of 59.47 and a beta of 1.63.

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.