Fortuna Silver Mines Inc (FVI) Given New C$9.50 Price Target at Raymond James Financial, Inc.
Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) had its price target decreased by Raymond James Financial, Inc. from C$10.25 to C$9.50 in a report issued on Friday. Raymond James Financial, Inc. currently has an outperform rating on the stock.
A number of other brokerages also recently weighed in on FVI. CIBC cut their price target on shares of Fortuna Silver Mines from C$13.00 to C$12.50 in a report on Tuesday, November 8th. Canaccord Genuity raised shares of Fortuna Silver Mines from a hold rating to a buy rating and cut their price target for the stock from C$12.25 to C$11.50 in a report on Monday, October 24th. Finally, Scotiabank reissued a sector perform rating and issued a C$7.25 price target on shares of Fortuna Silver Mines in a report on Thursday, January 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of C$10.38.
Fortuna Silver Mines (TSE:FVI) traded up 0.84% during midday trading on Friday, hitting $8.42. 490,562 shares of the stock were exchanged. Fortuna Silver Mines has a 1-year low of $4.46 and a 1-year high of $12.73. The company’s market capitalization is $1.23 billion. The company’s 50 day moving average is $8.41 and its 200 day moving average is $9.17.
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In other Fortuna Silver Mines news, Director Durant Jorge A. Ganoza sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of C$8.80, for a total transaction of C$44,000.00. Also, insider Sally Whittall sold 5,107 shares of the company’s stock in a transaction dated Friday, January 13th. The shares were sold at an average price of C$8.50, for a total transaction of C$43,409.50.
Fortuna Silver Mines Company Profile
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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