Fortuna Silver Mines Upgraded to Buy by Haywood Securities

Fortuna Silver Mines (NYSE:FSM) was upgraded by research analysts at Haywood Securities from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other firms have also recently commented on FSM. Analysts at CIBC downgraded shares of Fortuna Silver Mines from an “outperform” rating to a “sector perform” rating in a research note on Tuesday. Separately, analysts at Canaccord Genuity raised their price target on shares of Fortuna Silver Mines from C$5.00 to C$6.50 in a research note on Tuesday, February 25th. They now have a “buy” rating on the stock. Finally, analysts at Eurobank EFG downgraded shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. They now have a C$5.00 price target on the stock, up previously from C$4.20. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Fortuna Silver Mines has an average rating of “Hold” and an average price target of $5.13.

Shares of Fortuna Silver Mines traded up 0.52% during mid-day trading on Wednesday, hitting $3.86. The stock had a trading volume of 150,065 shares. Fortuna Silver Mines has a one year low of $2.56 and a one year high of $4.79. The stock has a 50-day moving average of $4.21 and a 200-day moving average of $3.66. The company’s market cap is $505.8 million.

Fortuna Silver Mines Inc is engaged in silver mining and related activities, in Latin America, including exploration, extraction, and processing.