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

Fortuna Silver Mines Inc. (TSE:FVIGet Rating) (NYSE:FSM) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

Several analysts recently issued reports on FVI shares. National Bankshares boosted their price target on Fortuna Silver Mines from C$4.75 to C$5.25 and gave the company a “sector perform” rating in a research note on Tuesday, November 15th. BMO Capital Markets boosted their price target on Fortuna Silver Mines from C$5.25 to C$5.75 in a research note on Friday, November 11th. Finally, CIBC reduced their price target 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. According to MarketBeat, Fortuna Silver Mines presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.35.

Fortuna Silver Mines Price Performance

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

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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