CIBC Maintains Neutral on Fortuna Silver Mines, Raises Price Target to C$8
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst Cosmos Chiu has maintained a Neutral rating on Fortuna Silver Mines (TSX:FVI), also known as FSM on the NYSE, and increased the price target from C$7 to C$8.

April 15, 2024 | 5:42 pm
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CIBC analyst Cosmos Chiu maintains a Neutral rating on Fortuna Silver Mines and raises the price target from C$7 to C$8.
The increase in the price target by CIBC reflects a positive outlook on the company's valuation, potentially leading to increased investor interest and a short-term positive impact on the stock price. However, the Neutral rating suggests that the analyst sees limited upside beyond the revised target, tempering expectations for significant price movement.
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IMPORTANCE 70
RELEVANCE 90