The Globe and Mail reports in its Friday, Nov. 14, edition that National Bank Financial analyst Mohamed Sidibe has reiterated his "sector perform" recommendation for Fortuna Mining. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sidibe gave his share target a 50-cent boost to $14.25. Analysts on average target the shares at $12.49. Mr. Sidibe says in a note: "Over the past couple of weeks, Fortuna has done a good job in delineating some of its organic growth opportunities, specifically through the Diamba Sud PEA, which we view as a positive. As we prepare to head to the Seguela mine site visit next week, we expect further details around advancing the Sunbird and Kingfisher deposits in order to sustain a higher level of production from the site. This, paired with an attractive FCF profile, should lead the shares to rerate higher." The Globe reported on Feb. 19 that CIBC World Markets analyst Cosmos Chiu had lowered his recommendation for Fortuna Mining to "underperformer" from "neutral." Fortuna shares were then going for $6.70.
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