Canaccord Genuity Increases Fortuna Silver Mines Price Target to C$6.50 (FSM)

Fortuna Silver Mines (NYSE:FSM) had its price objective raised by Canaccord Genuity from C$5.00 to C$6.50 in a research report released on Tuesday morning, Canaccord Genuity currently has a buy rating on the stock.

A number of other firms have also recently commented on FSM. Analysts at Eurobank EFG downgraded shares of Fortuna Silver Mines from a buy rating to a hold rating in a research note on Thursday, February 20th. They now have a C$5.00 price target on the stock, up previously from C$4.20. Separately, analysts at Scotiabank downgraded shares of Fortuna Silver Mines from an outperform rating to a sector perform rating in a research note on Wednesday, February 19th. Finally, analysts at TheStreet upgraded shares of Fortuna Silver Mines from a sell rating to a hold rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $4.91.

Shares of Fortuna Silver Mines (NYSE:FSM) traded down 3.85% on Tuesday, hitting $4.24. 264,632 shares of the company’s stock traded hands. Fortuna Silver Mines has a 1-year low of $2.56 and a 1-year high of $4.70. The stock has a 50-day moving average of $3.81 and a 200-day moving average of $3.6. The company has a market cap of $534.1 million and a P/E ratio of 126.00.

Fortuna Silver Mines Inc is engaged in silver mining and related activities, in Latin America, including exploration, extraction, and processing.