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 report sent to investors on Friday. They currently have an outperform rating on the stock.
Other analysts have also issued reports about the stock. CIBC decreased their target price on shares of Fortuna Silver Mines from C$9.00 to C$8.00 in a research report on Wednesday, August 16th. Canaccord Genuity reiterated 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. Finally, Scotiabank decreased their target price on shares of 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 analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of C$8.33.
Shares of Fortuna Silver Mines (FVI) opened at C$5.17 on Friday. Fortuna Silver Mines has a 12-month low of C$5.15 and a 12-month high of C$9.35.
In other news, insider Gordon Jang purchased 5,000 shares of Fortuna Silver Mines stock in a transaction on Thursday, October 12th. The shares were purchased at an average cost of C$5.75 per share, for a total transaction of C$28,750.00. Also, Director Durant Jorge A. Ganoza purchased 76,000 shares of Fortuna Silver Mines stock in a transaction on Wednesday, October 4th. The stock was purchased at an average price of C$4.57 per share, for a total transaction of C$347,320.00. Over the last 90 days, insiders acquired 214,300 shares of company stock worth $978,888.
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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