Fortuna Silver Mines price target lowered to $6 from $6.75 at Scotiabank

Scotiabank analyst Eric Winmill lowered the firm’s price target on Fortuna Silver Mines (FSM) to $6 from $6.75 and keeps a Sector Perform rating on the shares. The firm has updated its estimates for Q4 metal prices and FX rates for companies in the gold & precious minerals space, along with minor adjustments to 2024 estimates in advance to reporting, the analyst tells investors. 2024 was a very active period for marketing and acquisition transactions in the precious metals market and the firm expects this consolidation to continue in 2025.