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Research analysts at Dundee Securities raised their target price on shares of Fortuna Silver Mines (NYSE:FSM) from C$7.00 to C$7.75 in a report released on Thursday. The firm currently has a “buy” rating on the stock.

Shares of Fortuna Silver Mines (NYSE:FSM) traded up 0.98% during mid-day trading on Thursday, hitting $5.15. 71,595 shares of the company’s stock traded hands. Fortuna Silver Mines has a 52-week low of $2.58 and a 52-week high of $6.19. The stock’s 50-day moving average is $5.41 and its 200-day moving average is $4.58. The company’s market cap is $654.7 million.

FSM has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research note on Wednesday. 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $5.95.

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

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