Fortuna Silver Mines (TSE:FVI) Share Price Crosses Above 200-Day Moving Average of $4.01

Fortuna Silver Mines Inc. (TSE:FVIGet Rating) (NYSE:FSM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$4.01 and traded as high as C$5.09. Fortuna Silver Mines shares last traded at C$5.05, with a volume of 563,267 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FVI shares. National Bankshares lifted their price objective on shares of Fortuna Silver Mines from C$5.25 to C$6.00 and gave the company a “sector perform” rating in a report on Friday, January 13th. CIBC lifted their price objective on shares of Fortuna Silver Mines from C$5.00 to C$5.85 and gave the company a “neutral” rating in a report on Wednesday, December 7th. Finally, BMO Capital Markets boosted their price target on shares of Fortuna Silver Mines from C$5.75 to C$6.00 in a report on Tuesday, December 6th.

Fortuna Silver Mines Trading Up 0.2 %

The firm has a market capitalization of C$1.47 billion and a PE ratio of 29.71. The firm’s fifty day moving average is C$5.00 and its two-hundred day moving average is C$4.01. The company has a debt-to-equity ratio of 15.85, a current ratio of 1.93 and a quick ratio of 1.15.

Fortuna Silver Mines (TSE:FVIGet Rating) (NYSE:FSM) last released its earnings results on Wednesday, November 9th. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.02). The business had revenue of C$217.34 million for the quarter, compared to analysts’ expectations of C$208.24 million. On average, equities analysts predict that Fortuna Silver Mines Inc. will post 0.27 EPS for the current fiscal year.

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.

Further Reading

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