Fortuna Silver Mines Inc (FVI) Price Target Cut to C$7.50 by Analysts at Scotiabank
Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) had its price target reduced by Scotiabank to C$7.50 in a research note issued to investors on Friday, StockTargetPrices.com reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 30.43% from the company’s previous close.
Other analysts also recently issued reports about the stock. National Bank Financial dropped their target price on shares of Fortuna Silver Mines from C$8.00 to C$7.75 and set an “outperform” rating on the stock in a report on Wednesday, August 16th. CIBC dropped their target price on shares of Fortuna Silver Mines from C$9.00 to C$8.00 in a report on Wednesday, August 16th. Finally, Canaccord Genuity restated a “buy” rating and set a C$8.50 target price on shares of Fortuna Silver Mines in a report on Thursday, September 7th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Fortuna Silver Mines has a consensus rating of “Buy” and a consensus target price of C$8.46.
Fortuna Silver Mines (TSE:FVI) traded up 0.435% during midday trading on Friday, hitting $5.775. 231,102 shares of the stock were exchanged. The firm has a market capitalization of $919.51 million and a price-to-earnings ratio of 22.559. Fortuna Silver Mines has a one year low of $5.42 and a one year high of $10.32. The company has a 50 day moving average price of $5.79 and a 200 day moving average price of $6.20.
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In related news, Director Durant Jorge A. Ganoza bought 131,800 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were purchased at an average cost of C$4.51 per share, for a total transaction of C$594,418.00.
About Fortuna Silver Mines
Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.
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