CIBC Maintains Neutral on Fortuna Silver Mines, Raises Price Target to C$9.25
$FSM
Precious Metals
Basic Materials
CIBC analyst Cosmos Chiu maintains Fortuna Silver Mines (TSX:FVI) with a Neutral and raises the price target from C$8 to C$9.25.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/30/2023 | $4.25 | Sector Perform | Scotiabank |
| 1/18/2022 | Hold → Buy | Canaccord Genuity | |
| 11/12/2021 | Outperform → Market Perform | BMO Capital Markets | |
| 11/12/2021 | Hold → Sell | Canaccord Genuity |
(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE:FSM, TSX:FVI) ("Fortuna" or the "Company") today reported its financial and operating results for the third quarter of 2024. "In the third quarter, a focus on cost discipline and safe operations allowed Fortuna to capture the benefit of rising metal prices and achieve record attributable earnings of $50.5 million and record operating cash flow before working capital changes of $119.3 million." said Jorge Ganoza, Fortuna's President and CEO. Mr. Ganoza continued, "Our mines delivere
VANCOUVER, British Columbia, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE:FSM, TSX:FVI) announces that it will release its unaudited financial statements and MD&A for the third quarter on Wednesday, November 6, 2024, after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, November 7, 2024, at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, Luis D. Ganoza, Chief Financial Officer, Cesar Velasco, Chief Operating Officer - Latin America, and David Whittle, Chief Operating Officer - West Africa. Shareholders, analysts, media and interested investo
(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE:FSM, TSX:FVI) ("Fortuna" or the "Company") today reported its financial and operating results for the second quarter of 2024. Second Quarter 2024 highlights Financial Attributable net income of $40.6 million or $0.13 per share, compared to a $26.3 million or $0.09 per share in Q1 2024Adjusted attributable net income1 of $30.4 million or $0.10 per share, compared to $26.7 million or $0.09 per share in Q1 2024Generated $93.0 million (or $0.30 per share) of cash flow from operations before
NetworkNewsWire Editorial Coverage NEW YORK, Nov. 21, 2024 /PRNewswire/ -- Interest in the mining sector is on the rise, fueled by growing demand for metals that are crucial to modern industries. The shift toward clean-energy technologies, including electric vehicles (EVs) and renewable energy systems, has heightened the need for critical minerals, particularly lithium, cobalt, nickel and rare earth elements (REEs). At the same time, traditional metals such as copper and aluminum are seeing renewed importance due to their essential roles in infrastructure and energy transmission. Gold and silver remain appealing as safe-haven assets during periods of economic uncertainty and inflation. Addit
(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE:FSM, TSX:FVI) ("Fortuna" or the "Company") today reported its financial and operating results for the third quarter of 2024. "In the third quarter, a focus on cost discipline and safe operations allowed Fortuna to capture the benefit of rising metal prices and achieve record attributable earnings of $50.5 million and record operating cash flow before working capital changes of $119.3 million." said Jorge Ganoza, Fortuna's President and CEO. Mr. Ganoza continued, "Our mines delivere
Issued on behalf of Yukon Metals Corp. VANCOUVER, BC, Nov. 6, 2024 /PRNewswire/ -- USA News Group – Gold prices are soaring, and with the results of the U.S. federal election still pending and a crucial Federal Reserve meeting approaching, the upward trend in the precious metal's value shows no signs of slowing down. Goldman Sachs analysts project gold could break records, potentially reaching $3,000 by the end of 2025. This surge has created a complex landscape for the mining sector. Companies operating in Ghana and Burkina Faso are facing challenges, while major players like Newmont are finding it difficult to fully leverage the high gold prices. Amid post-election market uncertainty, Ba
6-K - FORTUNA MINING CORP. (0001341335) (Filer)
6-K - FORTUNA MINING CORP. (0001341335) (Filer)
6-K - FORTUNA MINING CORP. (0001341335) (Filer)
SC 13G/A - FORTUNA SILVER MINES INC (0001341335) (Subject)
SC 13G/A - FORTUNA SILVER MINES INC (0001341335) (Subject)
SC 13G/A - FORTUNA SILVER MINES INC (0001341335) (Subject)
VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE:FSM, TSX:FVI) hereby announces the voting results at the Company's annual and special meeting of shareholders held on June 20, 2024 (the "Meeting"). A total of 153,562,018 common shares were represented at the Meeting, being 50.16% of the Company's issued and outstanding common shares as at the record date. Shareholders voted in favor of all matters brought before the Meeting, including the appointment of auditors, the election of management's nominees as directors, and the change of the Company's name to "Fortuna Mining Corp." Detailed results of the vot
VANCOUVER, British Columbia, June 22, 2023 (GLOBE NEWSWIRE) -- Fortuna Silver Mines, Inc. (NYSE:FSM, TSX:FVI) hereby announces the voting results at the Company's annual general meeting held on June 22, 2023. A total of 142,378,954 common shares were represented at the meeting, being 48.95% of the Company's issued and outstanding shares as at the record date. Shareholders voted in favour of all matters brought before the meeting including the appointment of auditors, the election of management's nominees as directors and the renewal of the Company's Amended and Restated Share Unit Plan. Detailed results of the votes on the election of directors are as follows: DirectorVotes For Vote
VANCOUVER, British Columbia, June 28, 2022 (GLOBE NEWSWIRE) -- Fortuna Silver Mines, Inc. (NYSE:FSM, TSX:FVI) hereby announces the voting results at the Company's annual general meeting held on June 27, 2022 and announces the appointment of an additional Director to the Board. A total of 138,713,814 common shares were represented at the meeting, being 47.48 percent of the Company's issued and outstanding shares as at the record date. Shareholders voted in favor of all matters brought before the meeting including the appointment of auditors and the election of management's nominees as directors. Detailed results of the votes on the election of directors are as follows: DirectorVotes For V
Scotiabank resumed coverage of Fortuna Silver Mines with a rating of Sector Perform and set a new price target of $4.25
Canaccord Genuity upgraded Fortuna Silver Mines from Hold to Buy
BMO Capital Markets downgraded Fortuna Silver Mines from Outperform to Market Perform
Shares of Lands’ End, Inc. (NASDAQ:LE) fell sharply during Wednesday's session following first-quarter results. Lands’ End reported quarterly adjusted loss of 20 cents per share which beat the analyst consensus estimate of 26 cents per share. The company reported quarterly sales of $285.47 million which beat the analyst consensus estimate of $269.82 million, according to data from Benzinga Pro. Lands’ End shares dipped 9.3% to $12.60 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Actelis Networks, Inc. (NASDAQ:ASNS) shares jumped 512% to $2.88 after the company announced orders for cyber-hardened networking technology to be deployed at thr
Fortuna Silver Mines Inc (NYSE:FSM) shares are trading lower by 15% to $5.02 during Wednesday’s session after the company announced an offering of convertible senior notes worth $150 million, due in 2029, with an option for initial purchasers to buy an additional $22.5 million in notes. The proceeds will be used to repay bank debt, fund working capital, cover general corporate expenses, and repay existing 4.65% senior subordinated unsecured convertible debentures unless these are converted into shares before redemption. The company plans to issue a redemption notice for the current debentures before the new offering closes. The interest rate and conversion rate for the new notes will