Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM)’s share price dropped 5.5% during mid-day trading on Monday . The stock traded as low as C$5.82 and last traded at C$5.82. Approximately 348,867 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 507,134 shares. The stock had previously closed at C$6.16.
FVI has been the topic of several analyst reports. CIBC lowered their price objective on Fortuna Silver Mines from C$9.00 to C$8.00 in a research report on Wednesday, August 16th. Canaccord Genuity reaffirmed a “buy” rating and issued a C$8.50 price objective on shares of Fortuna Silver Mines in a research report on Thursday. National Bank Financial lowered their price objective on Fortuna Silver Mines from C$8.00 to C$7.75 and set an “outperform” rating on the stock in a research report on Wednesday, August 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$9.00 price objective on shares of Fortuna Silver Mines in a research report on Thursday, May 25th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$8.38.
The stock has a market capitalization of $928.27 million and a price-to-earnings ratio of 22.77. The stock has a 50 day moving average of $5.87 and a 200 day moving average of $6.38.
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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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