Fortuna Silver Mines (TSE:FVI) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$13.53 and traded as high as C$14.51. Fortuna Silver Mines shares last traded at C$14.31, with a volume of 600,718 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have commented on FVI shares. BMO Capital Markets raised their target price on shares of Fortuna Silver Mines from C$15.00 to C$17.00 in a report on Friday, January 16th. Canadian Imperial Bank of Commerce upgraded shares of Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and upped their price target for the company from C$9.00 to C$16.00 in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Fortuna Silver Mines has a consensus rating of “Buy” and an average price target of C$15.75.

Fortuna Silver Mines Trading Down 1.2%

The company has a market capitalization of C$4.37 billion, a P/E ratio of 15.90 and a beta of 2.26. The business has a fifty day moving average price of C$14.99 and a 200 day moving average price of C$13.53. The company has a quick ratio of 1.15, a current ratio of 2.98 and a debt-to-equity ratio of 15.92.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.32 earnings per share (EPS) for the quarter. The business had revenue of C$357.48 million during the quarter. Fortuna Silver Mines had a return on equity of 18.47% and a net margin of 27.64%. On average, analysts expect that Fortuna Silver Mines Inc. will post 0.7856273 earnings per share 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. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan.