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Fortuna Silver Mines (NYSE:FSM) reached a new 52-week high during trading on Friday , AmericanBankingNews.com reports. The stock traded as high as $5.66 and last traded at $5.66, with a volume of 195,200 shares. The stock had previously closed at $5.39.

Separately, analysts at Raymond James downgraded shares of Fortuna Silver Mines from a “strong-buy” rating to an “outperform” rating in a research note on Friday, June 27th. They now have a $6.50 price target on the stock, up previously from $6.00. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.50.

The stock’s 50-day moving average is $4.57 and its 200-day moving average is $3.98. The company’s market cap is $715.1 million.

Fortuna Silver Mines (NYSE:FSM) last announced its earnings results on Tuesday, May 13th. The company reported $0.04 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.04. Analysts expect that Fortuna Silver Mines will post $0.19 EPS for the current fiscal year.

Fortuna Silver Mines Inc is engaged in silver mining and related activities, in Latin America, including exploration, extraction, and processing.

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