BMO = target price $11.25I would expect now that the merger is done that this will would be the first of many brokerage reports recommending the combined company since Fortuna did not buy a fixer up company in Roxgold.
BMO Capital Stick to Their Buy Rating for Fortuna Silver Mines
27 minutes ago (Jul 05, 2021 08:55AM ET)
BMO Capital analyst Ryan Thompson reiterated a Buy rating on Fortuna Silver Mines (NYSE:) on Monday, setting a price target of $11.25, which is approximately 105.29% above the present share price of $5.48.
Thompson expects Fortuna Silver Mines to post earnings per share (EPS) of $0.14 for the third quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in Fortuna Silver Mines, with an average price target of $8.45.
The analysts price targets range from a high of $11.25 to a low of $6.69.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $117.82 million and a net profit of $41.99 million. The company's market cap is $1.02 billion.
According to TipRanks.com, BMO Capital analyst Ryan Thompson is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 18.8% and a 49.57% success rate.
Fortuna Silver Mines, Inc. engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Bateas, Cuzcatlan, Mansfield, and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine. The Cuzcatlan segment handles the San Jose silver-gold mine. The Mansfield segment is the development of the Lindero Gold project. The Corporate segment represents the corporate stewardship. The company was founded by Jorge A. Ganoza Durant, Simon T. P. Ridgway and Mario David Szotlender on September 4, 1990 and is headquartered in Vancouver, Canada.