BMO Capital Markets Reaffirms “Outperform” Rating for Fortuna Silver Mines Inc (FVI)

BMO Capital Markets Reaffirms “Outperform” Rating for Fortuna Silver Mines Inc (FVI)

Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM)‘s stock had its “outperform” rating reaffirmed by BMO Capital Markets in a research report issued to clients and investors on Friday. They presently have a C$9.00 price objective on the stock. BMO Capital Markets’ price target would suggest a potential upside of 30.06% from the company’s previous close.

FVI has been the topic of a number of other research reports. Raymond James Financial, Inc. cut their price target on shares of Fortuna Silver Mines from C$10.25 to C$9.50 and set an “outperform” rating on the stock in a research note on Friday, February 10th. Scotiabank set a C$7.25 price target on shares of Fortuna Silver Mines and gave the stock a “sector perform” rating in a research note on Monday, February 13th. Finally, CIBC cut their price target on shares of Fortuna Silver Mines from C$12.50 to C$10.50 in a research note on Wednesday, January 11th.

Shares of Fortuna Silver Mines (TSE:FVI) traded up 6.13% during trading on Friday, hitting $6.92. 795,511 shares of the company were exchanged. The company’s 50-day moving average price is $7.38 and its 200 day moving average price is $8.32. The stock’s market cap is $1.01 billion. Fortuna Silver Mines has a 12 month low of $4.82 and a 12 month high of $12.73.

In other news, insider Sally Whittall sold 5,107 shares of the firm’s stock in a transaction on Friday, January 13th. The shares were sold at an average price of C$8.50, for a total value of C$43,409.50. Also, Director Durant Jorge A. Ganoza sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of C$8.80, for a total transaction of C$44,000.00.

About Fortuna Silver Mines

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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