BMO Capital Markets reiterated their outperform rating on shares of Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) in a research note published on Friday. The brokerage currently has a C$8.00 target price on the stock.
A number of other equities research analysts have also recently commented on FVI. CIBC lowered their price objective on shares of Fortuna Silver Mines from C$9.00 to C$8.00 in a research note on Wednesday, August 16th. National Bank Financial decreased 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. Canaccord Genuity reaffirmed a buy rating and set a C$8.50 price target on shares of Fortuna Silver Mines in a research note on Thursday, September 7th. Finally, Scotiabank decreased their price target on shares of Fortuna Silver Mines to C$7.50 and set a sector perform rating on the stock 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 currently has a consensus rating of Buy and an average target price of C$8.17.
Shares of Fortuna Silver Mines (FVI) opened at C$5.56 on Friday. Fortuna Silver Mines has a 12 month low of C$5.13 and a 12 month high of C$9.18.
In other news, Director Durant Jorge A. Ganoza purchased 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. Also, insider Gordon Jang purchased 5,000 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were purchased at an average cost of C$5.75 per share, for a total transaction of C$28,750.00. Insiders have acquired a total of 224,300 shares of company stock worth $1,030,788 over the last ninety days.
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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