Raymond James upgraded shares of Fortuna Silver (TSE:FVI) from an outperform rating to a strong-buy rating in a report released on Thursday, AnalystRatingsNetwork reports. Raymond James currently has C$5.50 price objective on the stock, up from their previous price objective of C$4.75.
Raymond James has also updated their ratings on a number of other stocks in the last week. The firm reiterated its strong-buy rating on shares of First Majestic Silver. They have a C$18.00 price target on that stock, up previously from C$16.00. Finally, Raymond James downgraded shares of Mag Silver Corp from a strong-buy rating to an outperform rating. Their analysts now have a $9.00 price target on that stock, down previously from $10.00.
Fortuna Silver (TSE:FVI) traded up 1.89% during mid-day trading on Thursday, hitting $4.035. The stock had a trading volume of 56,850 shares. Fortuna Silver has a 1-year low of $2.65 and a 1-year high of $5.85. The stock has a 50-day moving average of $4.17 and a 200-day moving average of $3.69. The company has a market cap of $506.0 million and a price-to-earnings ratio of 44.00.
Fortuna Silver Mines Inc is engaged in silver mining and related activities, in Latin America, including exploration, extraction, and processing.
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