Fortuna Silver Mines Receives Consensus Rating of “Hold” from Analysts (NYSE:FSM)
Fortuna Silver Mines (NYSE:FSM) has received an average rating of “Hold” from the eleven brokerages that are currently covering the stock, StockRatingsNetwork reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $5.50.
FSM has been the subject of a number of recent research reports. Analysts at Dundee Securities initiated coverage on shares of Fortuna Silver Mines in a research note on Monday, August 4th. They set a “buy” rating on the stock. Separately, 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. Finally, 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.
Fortuna Silver Mines (NYSE:FSM) opened at 5.60 on Monday. Fortuna Silver Mines has a 52 week low of $2.58 and a 52 week high of $6.19. The stock has a 50-day moving average of $5.53 and a 200-day moving average of $4.44. The company’s market cap is $707.5 million.
Fortuna Silver Mines (NYSE:FSM) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. On average, analysts predict that Fortuna Silver Mines will post $0.22 earnings per share 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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