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.
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.
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