Fortuna Silver Mines Inc. (FSM) Shares Down 4.8%
Fortuna Silver Mines Inc. (NYSE:FSM)’s share price was down 4.8% during trading on Tuesday . The stock traded as low as $7.76 and last traded at $7.81, with a volume of 582,788 shares changing hands. The stock had previously closed at $8.20.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating and set a $9.75 target price for the company in a report on Thursday, July 28th. BMO Capital Markets cut 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 issued a $12.25 target price (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 issued a $6.25 target price (up from $5.60) on shares of Fortuna Silver Mines in a report on Tuesday, June 14th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Fortuna Silver Mines presently has a consensus rating of “Buy” and an average target price of $9.00.
The firm’s 50 day moving average price is $8.71 and its 200-day moving average price is $6.15. The firm’s market capitalization is $1.12 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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