Fortuna Silver Mines Upgraded by BMO Capital Markets to “Market Perform” (FSM)
Fortuna Silver Mines (NYSE:FSM) was upgraded by equities researchers at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a research report issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a C$4.00 price target on the stock, up from their previous price target of C$3.00.
Separately, analysts at Canaccord Genuity cut their price target on shares of Fortuna Silver Mines from C$5.50 to C$5.25 in a research note to investors on Thursday, November 7th. They now have a “speculative buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $4.71.
Fortuna Silver Mines (NYSE:FSM) traded up 1.43% during mid-day trading on Wednesday, hitting $3.905. The stock had a trading volume of 344,895 shares. Fortuna Silver Mines has a 52-week low of $2.56 and a 52-week high of $4.80. The stock’s 50-day moving average is $2.93 and its 200-day moving average is $3.54. The company has a market cap of $491.9 million and a P/E ratio of 110.00.
Fortuna Silver Mines Inc is engaged in silver mining and related activities, in Latin America, including exploration, extraction, and processing.
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