Rafferty Capital Markets upgraded shares of Fortuna Silver Mines (NYSE:FSM) to a sell rating in a research note released on Thursday morning, TheFlyOnTheWall.com reports.
Shares of Fortuna Silver Mines (NYSE:FSM) opened at 3.87 on Thursday. Fortuna Silver Mines has a one year low of $2.56 and a one year high of $5.75. The stock has a 50-day moving average of $3.99 and a 200-day moving average of $3.57. The company has a market cap of $485.3 million and a price-to-earnings ratio of 38.70.
A number of other firms have also recently commented on FSM. Analysts at TheStreet upgraded shares of Fortuna Silver Mines (NYSE:FSM) to a hold rating in a research note to investors on Tuesday, September 17th. Separately, analysts at Cormark upgraded shares of Fortuna Silver Mines (NYSE:FSM) from a market perform rating to a buy rating in a research note to investors on Thursday, September 12th. Finally, analysts at Canaccord Genuity raised their price target on shares of Fortuna Silver Mines (NYSE:FSM) from C$5.00 to C$5.50 in a research note to investors on Friday, August 16th.
Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Fortuna Silver Mines presently has a consensus rating of Hold and an average price target of $4.50.
Fortuna Silver Mines Inc is engaged in silver mining and related activities, in Latin America, including exploration, extraction, and processing.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.