BMO Capital Keeps Their Buy Rating on Fortuna Silver Mines (FSM)

BMO Capital analyst Ryan Thompson maintained a Buy rating on Fortuna Silver Mines (FSMResearch Report) today and set a price target of C$6.50. The company’s shares opened today at $3.64.

According to TipRanks, Thompson is a 4-star analyst with an average return of 9.6% and a 48.48% success rate. Thompson covers the Basic Materials sector, focusing on stocks such as Endeavour Silver, Fortuna Silver Mines, and Torex Gold Resources.

Currently, the analyst consensus on Fortuna Silver Mines is a Moderate Buy with an average price target of $4.57.

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FSM market cap is currently $1.03B and has a P/E ratio of 25.56.

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Fortuna Silver Mines, Inc. engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Bateas, Cuzcatlan, Mansfield, and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine. The Cuzcatlan segment handles the San Jose silver-gold mine. The Mansfield segment is the development of the Lindero Gold project. The Corporate segment represents the corporate stewardship. The company was founded by Jorge A. Ganoza Durant, Simon T. P. Ridgway and Mario David Szotlender on September 4, 1990 and is headquartered in Vancouver, Canada.

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