Scotiabank has adjusted its price target for Fortuna Mining (FSM, Financial), raising it to $7 from a previous $6 while maintaining an Outperform rating on the stock. This adjustment comes as the firm expresses a bullish stance on the Gold & Precious Minerals sector.
The outlook suggests continued sector consolidation through 2025, driven by increased mergers and acquisitions. These activities are anticipated to help companies enhance their asset portfolios, presenting opportunities for investors. Scotiabank's positive perspective is rooted in this expected strategic maneuvering within the industry.
