Scotiabank analyst Eric Winmill upgraded Fortuna Mining (FSM) to Outperform from Sector Perform with a price target of $11, up from $10.50, following a site visit to the company’s flagship Seguela Mine in Cote d’Ivoire. The visit showcased the growth plan for the asset and exploration potential together with a discussion on Fortuna’s next growth project, Diamba Sud in Senegal, says the analyst, who sees “a catalyst-rich outlook in the coming quarters.”
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