Fortuna Silver Mines Inc (FVI) Earns “Buy” Rating from Canaccord Genuity
Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Thursday. They presently have a C$8.50 target price on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 40.03% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. National Bank Financial dropped their price target on shares of Fortuna Silver Mines from C$8.00 to C$7.75 and set an “outperform” rating on the stock in a research note on Wednesday, August 16th. CIBC dropped their price target on shares of Fortuna Silver Mines from C$9.00 to C$8.00 in a research note on Wednesday, August 16th. Finally, BMO Capital Markets restated an “outperform” rating and issued a C$9.00 price target on shares of Fortuna Silver Mines in a research note on Thursday, May 25th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$8.38.
Fortuna Silver Mines (TSE FVI) traded up 3.377% during trading on Thursday, reaching $6.275. The company’s stock had a trading volume of 438,843 shares. The stock has a market capitalization of $999.12 million and a price-to-earnings ratio of 24.512. The firm has a 50 day moving average of $5.87 and a 200 day moving average of $6.41. Fortuna Silver Mines has a 52 week low of $5.44 and a 52 week high of $11.71.
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Fortuna Silver Mines Company Profile
Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of mineral properties in Latin America. The company explores for silver, gold, lead, and zinc deposits. It holds interests in the Caylloma mine located in southern Peru; and the San Jose mine located in the State of Oaxaca in southern Mexico, as well as develops the Lindero gold project situated in northwestern Argentina.
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