Analyst Rating Update on Fortuna Silver Mines (FSM)

Fortuna Silver Mines (FSM) : 2 brokerage houses believe that Fortuna Silver Mines (FSM) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Fortuna Silver Mines (FSM). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 6 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Fortuna Silver Mines (FSM) : The most positive equity analysts on Fortuna Silver Mines (FSM) expects the shares to touch $9, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $6.55 with an expected fluctuation of $2.05 from the mean.

Company shares have received an average consensus rating of Hold for the current week


Fortuna Silver Mines (NYSE:FSM): The stock opened at $9.12 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.20 for the day. The stock traded down to $8.71 during the day, due to lack of any buying support eventually closed down at $9.09 with a loss of -0.87% for the day. The stock had closed at $9.17 on the previous day. The total traded volume was 922,967 shares.

Fortuna Silver Mines Inc. (Fortuna) is a Canada-based mining company, which is engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company is engaged in the mining and processing of silver-lead, zinc and silver-gold products, and the sale of these products. The Company operates the Caylloma mine and the San Jose mine. Caylloma is an underground silver, lead and zinc mine located in southern Peru, in the Arequipa Department. San Jose is an underground silver-gold mine located in southern Mexico in the State of Oaxaca. The Company operates in Canada, Peru and Mexico. The Companys subsidiaries include Minera Bateas S.A.C., Fortuna Silver Mines Peru S.A.C., Compania Minera Cuzcatlan SA, Fortuna Silver Mexico, S.A. de CV., Fortuna Silver (Barbados) Inc. and Continuum Resources Ltd.

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