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

Key Points

• Fortuna Silver Mines has reached a new 52-week high, trading at C$13.64 with a strong volume of 389,669 shares.
• Analyst ratings show mixed opinions, with Canaccord Genuity lifting its price target from C$10.50 to C$15.00, while the stock maintains an average rating of "Sell."
• The company operates mines across several countries, including Argentina, Mexico, and Burkina Faso, and has a market capitalization of C$4.13 billion.

Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM's stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$13.64 and last traded at C$13.64, with a volume of 389669 shares. The stock had previously closed at C$12.88.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price target on shares of Fortuna Silver Mines from C$10.50 to C$15.00 in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Sell" and an average price target of C$11.00.

Fortuna Silver Mines Stock Up 4.4%

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 stock's 50-day simple moving average is C$11.04 and its 200-day simple moving average is C$9.52. The firm has a market capitalization of C$4.13 billion, a P/E ratio of 26.90 and a beta of 1.68.

Fortuna Silver Mines Company Profile

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.