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Fly News Breaks for September 13, 2019
FSM
Sep 13, 2019 | 13:56 EDT
Canaccord analyst Dalton Baretto upgraded Fortuna Silver Mines to Buy from Hold but lowered his price target on the stock to C$5.50 from C$6.00. Fortuna announced the start of pre-production mining at its 100% owned Lindero gold Project and while the company continues to guide to 145-160koz of production in the mine's first 12 months of operation, Baretto conservatively assumes a slower ramp-up, he said. He cites the stock's recent weakness for his change in rating.
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