Gestern diese positve Nachricht, heute ersteinmal Abverkauf??
Globe says new coverage rates Fortuna "outperform"
2017-11-20 04:47 ET - In the News
The Globe and Mail report in its Saturday, Nov. 18, edition that BMO Nesbitt Burns analyst Ryan Thompson says investors should take a defensive approach to the precious metals sector given that volatility in metal prices is the "only constant." The Globe's David Leeder writes in the Eye On Equities column that on Thursday, Mr. Thompson began coverage on Fortuna Silver Mines ($5.45) with an "outperform" rating and $8 target. Analysts on average target the shares at $8.02. Mr. Thompson said in a note: "Fortuna checks all of the boxes given its attractive valuation, a strong balance sheet, and its Lindero development project, which is set to deliver best-in-class growth. These attributes underpin our 'outperform' rating and underscore Fortuna as our top pick. We estimate that gold equivalent production will grow to nearly 400koz in 2020, substantially higher than the 234,000 ounces we forecast in 2017." The Globe reported on April 1 that BMO Nesbitt Burns analyst Andrew Kaip upgraded Fortuna to "outperform" from "market perform." The shares were then worth $6.99. The Globe reported on Sept. 8 that Canaccord Genuity analyst Dalton Baretto rated Fortuna "buy." The shares were then worth $6.27.