Fortuna Silver Mines (TSE:FVI) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.50 and traded as high as C$13.19. Fortuna Silver Mines shares last traded at C$12.98, with a volume of 636,355 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Scotiabank raised Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. National Bankshares raised shares of Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$14.25 to C$15.00 in a research report on Tuesday, November 25th. Finally, Canaccord Genuity Group boosted their price objective on shares of Fortuna Silver Mines from C$10.50 to C$15.00 in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$12.33.

Fortuna Silver Mines Trading Down 2.6%

The company has a debt-to-equity ratio of 13.30, a current ratio of 1.94 and a quick ratio of 1.15. The company has a market capitalization of C$3.98 billion, a price-to-earnings ratio of 17.54 and a beta of 1.57. The business has a fifty day moving average price of C$12.22 and a 200 day moving average price of C$10.50.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.17 earnings per share (EPS) for the quarter. The business had revenue of C$350.00 million for the quarter. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 1.91%. On average, equities analysts expect that Fortuna Silver Mines Inc. will post 0.7856273 EPS for the current fiscal year.

About Fortuna Silver Mines

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc, is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc.