Fortuna Silver Mines (TSE:FVI) Reaches New 1-Year High - Should You Buy?

Key Points

• Fortuna Silver Mines (TSE:FVI) reached a new 52-week high of C$12.94 during trading, closing at C$12.66 with over 346,000 shares traded.
• Canaccord Genuity has raised its price target for Fortuna from C$10.50 to C$15.00, while the consensus rating remains a "Sell" with a target price of C$11.00.
• The company, with a market cap of C$3.87 billion, operates several mining projects across multiple countries, including Argentina, Mexico, and Peru.

Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM's stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$12.94 and last traded at C$12.66, with a volume of 346034 shares trading hands. The stock had previously closed at C$12.46.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their price objective on Fortuna Silver Mines from C$10.50 to C$15.00 in a research note on Thursday. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Fortuna Silver Mines has a consensus rating of "Sell" and a consensus target price of C$11.00.

Fortuna Silver Mines Stock Performance

The company has a market cap of C$3.87 billion, a PE ratio of 25.20 and a beta of 1.68. The company has a current ratio of 1.94, a quick ratio of 1.15 and a debt-to-equity ratio of 13.30. The business has a fifty day moving average of C$10.55 and a 200-day moving average of C$9.33.

About Fortuna Silver Mines

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.