Fortuna Silver Mines Receives Average Recommendation of “Hold” from Brokerages (NYSE:FSM)
Fortuna Silver Mines (NYSE:FSM) has been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the company, AR Network reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $5.50.
A number of research firms have recently commented on FSM. 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.
Shares of Fortuna Silver Mines (NYSE:FSM) opened at 5.22 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 $5.5 and a 200-day moving average of $4.49. The company’s market cap is $659.4 million.
Fortuna Silver Mines Inc is engaged in silver mining and related activities, in Latin America, including exploration, extraction, and processing.
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