Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) had its price objective reduced by National Bank Financial from C$8.00 to C$7.50 in a research note published on Friday morning. They currently have an outperform rating on the stock.
FVI has been the topic of several other research reports. Canaccord Genuity reissued a buy rating and set a C$8.50 target price on shares of Fortuna Silver Mines in a research report on Thursday, September 7th. CIBC cut their target price on Fortuna Silver Mines from C$8.00 to C$7.50 in a research report on Thursday, October 12th. Finally, Scotiabank cut 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. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Fortuna Silver Mines has a consensus rating of Buy and an average price target of C$8.33.
Shares of Fortuna Silver Mines (TSE:FVI) opened at C$5.30 on Friday. Fortuna Silver Mines has a 12 month low of C$5.13 and a 12 month high of C$9.18.
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In related news, Director Durant Jorge A. Ganoza bought 76,000 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were purchased at an average price of C$4.57 per share, with a total value of C$347,320.00. Also, insider Gordon Jang bought 5,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were bought at an average cost of C$5.75 per share, for a total transaction of C$28,750.00. In the last three months, insiders have bought 214,300 shares of company stock worth $978,888.
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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