National Bank Financial Trims Fortuna Silver Mines (TSE:FVI) Target Price to C$7.50

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) had its price objective decreased by equities researchers at National Bank Financial from C$8.00 to C$7.50 in a research note issued to investors on Friday, November 10th. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 39.41% from the company’s previous close.

Several other analysts have also recently issued reports on the stock. Canaccord Genuity reissued a “buy” rating and set a C$8.50 price objective on shares of Fortuna Silver Mines in a research note on Thursday, September 7th. CIBC lowered their price objective on shares of Fortuna Silver Mines from C$8.00 to C$7.50 in a research note on Thursday, October 12th. Finally, Scotiabank lowered their price objective on shares of Fortuna Silver Mines to C$7.50 and set a “sector perform” rating for the company in a research note on Friday, October 6th. One 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 an average rating of “Buy” and an average target price of C$8.17.

Fortuna Silver Mines (FVI) traded down C$0.14 during mid-day trading on Friday, reaching C$5.38. 292,138 shares of the company’s stock traded hands, compared to its average volume of 511,480. Fortuna Silver Mines has a 12-month low of C$5.13 and a 12-month high of C$9.18.

In other Fortuna Silver Mines news, Director Durant Jorge A. Ganoza purchased 76,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was purchased at an average cost of C$4.57 per share, with a total value of C$347,320.00. Also, insider Gordon Jang purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The shares were acquired at an average cost of C$5.75 per share, with a total value of C$28,750.00. Insiders have bought a total of 224,300 shares of company stock valued at $1,030,788 over the last three months.

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Fortuna Silver Mines Company Profile

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.

Analyst Recommendations for Fortuna Silver Mines (TSE:FVI)

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