Fortuna Silver Mines Inc. (NYSE:FSM) was up 4.6% during mid-day trading 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.

Several equities research analysts recently issued reports on FSM shares. Zacks Investment Research cut shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. BMO Capital Markets cut shares of Fortuna Silver Mines from an “outperform” rating to a “market perform” rating in a research report on Thursday, May 12th. Scotiabank reiterated a “sector perform” rating and set a $6.25 price target (up from $5.60) on shares of Fortuna Silver Mines in a research report on Tuesday, June 14th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $12.25 price target (up from $11.75) on shares of Fortuna Silver Mines in a research report on Thursday, August 11th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $9.00.

The firm’s 50-day moving average price is $8.72 and its 200 day moving average price is $6.07. The firm’s market capitalization is $1.17 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.