Fortuna Silver Mines (TSE:FVI) Share Price Passes Above 200 Day Moving Average of $3.75

Shares of Fortuna Silver Mines Inc. (TSE:FVIGet Rating) (NYSE:FSM) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.75 and traded as high as C$4.92. Fortuna Silver Mines shares last traded at C$4.87, with a volume of 137,194 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FVI. National Bankshares upped their price target on Fortuna Silver Mines from C$4.75 to C$5.25 and gave the stock a “sector perform” rating in a report on Tuesday, November 15th. BMO Capital Markets upped their target price on Fortuna Silver Mines from C$5.25 to C$5.75 in a research note on Friday, November 11th. Finally, CIBC cut their target price on Fortuna Silver Mines from C$5.50 to C$5.00 and set a “neutral” rating for the company in a research note on Friday, August 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Fortuna Silver Mines has an average rating of “Moderate Buy” and an average target price of C$5.35.

Fortuna Silver Mines Stock Down 1.0 %

The business has a 50 day moving average of C$3.86 and a 200 day moving average of C$3.75. The company has a debt-to-equity ratio of 15.85, a current ratio of 1.93 and a quick ratio of 1.15. The firm has a market capitalization of C$1.41 billion and a price-to-earnings ratio of 34.79.

Fortuna Silver Mines Company Profile

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Fortuna Silver Mines Inc engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.

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