BMO Capital Markets Reiterates Outperform Rating for Fortuna Silver Mines Inc (FVI)
Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM)‘s stock had its “outperform” rating reissued by BMO Capital Markets in a research note issued on Friday. They presently have a C$8.00 price objective on the stock. BMO Capital Markets’ price target points to a potential upside of 46.79% from the stock’s current price.
FVI has been the topic of a number of other research reports. Scotiabank reduced their target price on Fortuna Silver Mines to C$7.50 and set a “sector perform” rating on the stock in a research report on Friday, October 6th. Canaccord Genuity restated a “buy” rating and issued a C$8.50 target price on shares of Fortuna Silver Mines in a research report on Thursday, September 7th. National Bank Financial reduced their target price on Fortuna Silver Mines from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Finally, CIBC reduced their target price on Fortuna Silver Mines from C$8.00 to C$7.50 in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$8.17.
Fortuna Silver Mines (FVI) opened at C$5.45 on Friday. Fortuna Silver Mines has a 12 month low of C$5.13 and a 12 month high of C$9.18.
In other news, Director Durant Jorge A. Ganoza acquired 131,800 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were purchased at an average price of C$4.51 per share, for a total transaction of C$594,418.00. Also, Director Durant Jorge A. Ganoza acquired 76,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was purchased at an average price of C$4.57 per share, for a total transaction of C$347,320.00. Insiders purchased a total of 224,300 shares of company stock worth $1,030,788 in the last quarter.
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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