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Fortuna Silver Mines (TSE:FVI) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Fortuna Silver Mines logo with Basic Materials background

Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.52 and traded as high as C$13.15. Fortuna Silver Mines shares last traded at C$12.88, with a volume of 2,877,548 shares trading hands.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on FVI

Fortuna Silver Mines Stock Performance

The company's 50-day simple moving average is C$11.04 and its 200 day simple moving average is C$9.52. 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 has a market cap of C$3.95 billion, a P/E ratio of 25.76 and a beta of 1.68.

About Fortuna Silver Mines

(Get Free Report)

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.

Further Reading

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