Fortuna Silver Mines (TSE:FVI) Rating Lowered to Strong Sell at Cibc World Mkts

Cibc World Mkts cut shares of Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Separately, CIBC cut shares of Fortuna Silver Mines from a “neutral” rating to an “underperform” rating and cut their target price for the stock from C$8.00 to C$7.00 in a research note on Tuesday.

Fortuna Silver Mines Price Performance

Fortuna Silver Mines stock opened at C$6.70 on Tuesday. The stock has a market capitalization of C$1.48 billion, a P/E ratio of 59.47 and a beta of 1.63. The company’s fifty day moving average price is C$6.69 and its 200 day moving average price is C$6.57. The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.15 and a current ratio of 1.94. Fortuna Silver Mines has a 1 year low of C$3.57 and a 1 year high of C$8.68.

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.