Brokerage Firm 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. 1 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 Buy with a rank of 2.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.

Fortuna Silver Mines (FSM) : The highest short term price target forecast on Fortuna Silver Mines (FSM) is $15 and the lowest target price is $4. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $8.8 with a standard deviation of $4.38.


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

Fortuna Silver Mines (NYSE:FSM): The stock opened at $9.01 and touched an intraday high of $9.0738 on Wednesday. During the day, the stock corrected to an intraday low of $8.595, however, the bulls stepped in and pushed the price higher to close in the green at $9.07 with a gain of 0.67% for the day. The total traded volume for the day was 1,473,056. The stock had closed at $9.01 in the previous trading session.

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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