Scotiabank analyst Eric Winmill raised the firm’s price target on Fortuna Mining (FSM) to $14 from $11 and keeps an Outperform rating on the shares. The firm is updating its price targets for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm has increased both gold and silver forecasts, supported by economic and geopolitical uncertainty as well as strong central bank buying.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FSM:
- Fortuna Lifts Séguéla Gold Reserves by 31% and Extends Mine Life Beyond Nine Years
- Fortuna Mining updates mineral reserves, resources for Seguela Mine
- Fortuna Mining price target raised to C$17 from C$15 at BMO Capital
- Fortuna Hits 2025 Output Target and Lays Out Growth-Focused 2026 Plan
- Fortuna Mining reports Q4 production 65,130 gold equivalent ounces