Fortuna Silver Mines Inc. (NYSE:FSM)’s share price rose 5% during trading on Thursday . The stock traded as high as $7.84 and last traded at $7.83, with a volume of 1,043,171 shares trading hands. The stock had previously closed at $7.46.

FSM has been the topic of several recent analyst reports. Zacks Investment Research raised Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a report on Monday, May 30th. Canaccord Genuity reissued a “hold” rating and issued a $12.25 target price (up previously from $11.75) on shares of Fortuna Silver Mines in a report on Thursday, August 11th. BMO Capital Markets reissued a “market perform” rating and issued a $11.50 target price (up previously from $9.00) on shares of Fortuna Silver Mines in a report on Saturday, August 13th. Finally, Scotiabank reissued a “sector perform” rating and issued a $6.25 target price (up previously from $5.60) on shares of Fortuna Silver Mines in a report on Tuesday, June 14th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $9.00.

The stock has a 50-day moving average of $8.65 and a 200 day moving average of $6.19. The stock’s market cap 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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