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Dundee Securities initiated coverage on shares of Fortuna Silver Mines (NYSE:FSM) in a research note issued on Monday.

Fortuna Silver Mines (NYSE:FSM) opened at 5.48 on Monday. Fortuna Silver Mines has a one year low of $2.58 and a one year high of $6.19. The stock has a 50-day moving average of $5.43 and a 200-day moving average of $4.37. The company’s market cap is $692.3 million.

Fortuna Silver Mines (NYSE:FSM) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.04 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.04. Analysts expect that Fortuna Silver Mines will post $0.21 EPS for the current fiscal year.

A number of other firms have also recently commented on FSM. Analysts at CIBC raised their price target on shares of Fortuna Silver Mines from C$5.00 to C$6.50 in a research note on Friday, July 11th. They now have a “sector perform” rating on the stock. Separately, analysts at Canaccord Genuity downgraded shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Finally, 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 research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $5.50.

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

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