Fortuna Silver Mines Inc. (NYSE:FSM) traded up 4.6% on Thursday . The stock traded as high as $8.18 and last traded at $7.96, with a volume of 1,215,867 shares traded. The stock had previously closed at $7.61.

A number of research analysts have recently commented on FSM shares. Zacks Investment Research lowered Fortuna Silver Mines from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. BMO Capital Markets lowered Fortuna Silver Mines from an “outperform” rating to a “market perform” rating in a report on Thursday, May 12th. Canaccord Genuity reissued a “hold” rating and set a $12.25 price target (up from $11.75) on shares of Fortuna Silver Mines in a report on Thursday, August 11th. Finally, Scotiabank reissued a “sector perform” rating and set a $6.25 price target (up from $5.60) on shares of Fortuna Silver Mines in a report on Tuesday, June 14th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Fortuna Silver Mines presently has an average rating of “Buy” and an average target price of $9.00.

The firm’s 50-day moving average is $8.73 and its 200 day moving average is $6.03. The stock’s market capitalization is $1.14 billion.

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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