A statement released earlier today by Raymond James about Fortuna Silver Mines Inc. (TSE:FVI) bumps the target price to $12.25
- Updated: September 23, 2016
Raymond James raised the target price of Fortuna Silver Mines Inc. (TSE:FVI) to $12.25 stating a possible upside of 0.24%.
Previously on 07/26/2016, Raymond James reported on Fortuna Silver Mines Inc. (TSE:FVI) increased the target price from $8.25 to $12.00. At the time, this indicated a possible upside of 0.13%.
Just yesterday Fortuna Silver Mines Inc. (TSE:FVI) traded -3.36% lower at $9.88. Fortuna Silver Mines Inc.’s 50-day moving average is $10.99 and its 200-day moving average is $8.61. The last closing price is up 13.70% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 491,271 shares of Fortuna Silver Mines Inc. traded, down from an avg. volume of 760,344
With a total market value of $0, Fortuna Silver Mines Inc. has with a one year low of $2.83 and a one year high of $12.73 .
A total of 7 analysts have released a report on Fortuna Silver Mines Inc.. zero analysts rating the company a strong buy, four analysts rating the company a buy, three analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $7.66.
More About Fortuna Silver Mines Inc. (TSE:FVI)
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. The Company's segments include Corporate, Bateas and Cuzcatlan. The Company owns interest in the Caylloma mine and related mining concessions located in southern Peru. The Caylloma property is located in the Caylloma Mining District, approximately 220 kilometers north-northwest of Arequipa, Peru. The Company produces approximately 1.7 million ounces of silver and over 1,160 ounces of gold at Caylloma. The Company's San Jose property, which covers a silver gold bearing epithermal vein system is located in the state of Oaxaca in southern Mexico. The Company produces approximately 4.9 million ounces of silver and over 38,530 ounces of gold at San Jose.
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