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.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90