Cibc World Mkts Downgrades Fortuna Silver Mines (TSE:FVI) to Strong Sell

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) was downgraded by investment analysts at Cibc World Mkts from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

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

Fortuna Silver Mines Price Performance

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