Fortuna Silver Mines Rating Increased to Hold at TheStreet (FSM)
Fortuna Silver Mines (NYSE:FSM) was upgraded by equities research analysts at TheStreet to a “hold” rating in a research note issued to investors on Tuesday, American Banking & Market News reports.
Fortuna Silver Mines (NYSE:FSM) traded down 0.27% during mid-day trading on Tuesday, hitting $3.7799. 44,039 shares of the company’s stock traded hands. Fortuna Silver Mines has a one year low of $2.56 and a one year high of $6.00. The stock has a 50-day moving average of $3.93 and a 200-day moving average of $3.56. The company has a market cap of $474.0 million and a price-to-earnings ratio of 37.90.
A number of other analysts have also recently weighed in on FSM. Analysts at Cormark upgraded shares of Fortuna Silver Mines (NYSE:FSM) from a “market perform” rating to a “buy” rating in a research note to investors on Thursday, September 12th. Separately, analysts at Canaccord Genuity raised their price target on shares of Fortuna Silver Mines (NYSE:FSM) from C$5.00 to C$5.50 in a research note to investors on Friday, August 16th. Finally, analysts at Raymond James raised their price target on shares of Fortuna Silver Mines (NYSE:FSM) from C$4.50 to C$4.75 in a research note to investors on Wednesday, August 14th. They now have an “outperform” rating on the stock.
One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.50.
Fortuna Silver Mines Inc is engaged in silver mining and related activities, in Latin America, including exploration, extraction, and processing.
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