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Raymond James downgraded Fortuna Silver Mines (NYSE:FSM) from Strong Buy to Outperform in a report released today.

Only yesterday Fortuna Silver Mines (NYSE:FSM) traded -4.08% lower at $4.22. Fortuna Silver Mines’s 50-day moving average is $5.21 and its two hundred day average is $6.04. With the last stock price down -18.16% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the date range. Volume of trade was up over the average, with 3,117,235 shares of FSM changing hands over the typical 1,849,850

Raymond James has downgraded Fortuna Silver Mines (NYSE:FSM) from Strong Buy to Outperform in a report released on 11/21/2017.

Performance Chart

Fortuna Silver Mines (NYSE:FSM)

With a total market value of $0, Fortuna Silver Mines has 52 week low of $4.79 and a 52 week high of $9.75 .

In addition to Raymond James reporting its target price, a total of 3 firms have reported on the stock. The consensus target price is $5.14 with 1 firm rating the stock a strong buy, 2 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Fortuna Silver Mines (NYSE:FSM)

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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