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 objective cut by Scotiabank to C$7.50 in a research report sent to investors on Friday morning, StockTargetPrices.com reports. They currently have a sector perform rating on the stock.

FVI has been the topic of a number of other research reports. Canaccord Genuity restated a buy rating and issued a C$8.50 price objective on shares of Fortuna Silver Mines in a report on Thursday, September 7th. CIBC decreased their target price on Fortuna Silver Mines from C$9.00 to C$8.00 in a research report on Wednesday, August 16th. Finally, National Bank Financial decreased their target price on Fortuna Silver Mines from C$8.00 to C$7.75 and set an outperform rating for the company in a research report on Wednesday, August 16th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$8.46.

Fortuna Silver Mines (FVI) opened at 5.82 on Friday. The firm has a market capitalization of $926.68 million and a PE ratio of 22.73. The stock’s 50 day moving average is $5.79 and its 200-day moving average is $6.19. Fortuna Silver Mines has a 52-week low of $5.42 and a 52-week high of $10.32.

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In related news, Director Durant Jorge A. Ganoza bought 131,800 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was purchased at an average price of C$4.51 per share, with a total value of C$594,418.00. Also, Director Durant Jorge A. Ganoza bought 76,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were bought at an average cost of C$4.57 per share, with a total value of C$347,320.00. Insiders have acquired 208,800 shares of company stock valued at $946,568 in the last ninety days.

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.

Stock Target Prices

Analyst Recommendations for Fortuna Silver Mines (TSE:FVI)

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