Fortuna Silver Mines (FSM – Research Report) received a Hold rating and a $4.25 price target from Scotiabank analyst Eric Winmill today. The company’s shares closed yesterday at $2.88.
Winmill covers the Basic Materials sector, focusing on stocks such as Fortuna Silver Mines, Torex Gold Resources, and Arizona Metals. According to TipRanks, Winmill has an average return of -4.2% and a 46.15% success rate on recommended stocks.
Fortuna Silver Mines has an analyst consensus of Hold, with a price target consensus of $4.11, which is a 42.71% upside from current levels. In a report released on October 23, National Bank also maintained a Hold rating on the stock with a C$5.50 price target.
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The company has a one-year high of $4.20 and a one-year low of $2.57. Currently, Fortuna Silver Mines has an average volume of 2.79M.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FSM in relation to earlier this year.
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Fortuna Silver Mines (FSM) Company Description:
Fortuna Silver Mines, Inc. engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Bateas, Cuzcatlan, Mansfield, and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine. The Cuzcatlan segment handles the San Jose silver-gold mine. The Mansfield segment is the development of the Lindero Gold project. The Corporate segment represents the corporate stewardship. The company was founded by Jorge A. Ganoza Durant, Simon T. P. Ridgway and Mario David Szotlender on September 4, 1990 and is headquartered in Vancouver, Canada.
Read More on FSM:
- Fortuna Silver Mines announces reinstatement of San Jose Mine EIA
- Fortuna receives positive decision from Mexican Court which reinstates the San Jose Mine environmental impact authorization
- Fortuna to release third quarter 2023 financial results on November 8, 2023; Conference call at 12 p.m. Eastern time on November 9, 2023
- Fortuna Silver Mines price target lowered to C$5.50 at National Bank
- Fortuna pays down $40 million of debt from increased cash flow
