Fortuna Silver Mines (TSE:FVI) Stock Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Fortuna Silver Mines shares passed above its 200-day moving average, trading as high as C$14.66 and last at C$14.50 versus a 200‑day average of C$13.66 on volume of 449,769 shares.
• Analysts have become more bullish—BMO raised its price target to C$17 and CIBC upgraded to neutral while lifting its target to C$16; MarketBeat's consensus is a Buy with an average price target of C$15.75.
• Recent fundamentals show a profitable quarter (C$0.32 EPS, C$357.48M revenue), a market cap of C$4.43B and a PE of 16.11, with analysts forecasting roughly C$0.79 EPS for the current year.

Shares of Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.66 and traded as high as C$14.66. Fortuna Silver Mines shares last traded at C$14.50, with a volume of 449,769 shares.

Analyst Ratings Changes

Several research firms have recently weighed in on FVI. BMO Capital Markets boosted their price target on Fortuna Silver Mines from C$15.00 to C$17.00 in a research note on Friday, January 16th. Canadian Imperial Bank of Commerce upgraded Fortuna Silver Mines from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from C$9.00 to C$16.00 in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$15.75.

Fortuna Silver Mines Stock Performance

The company has a debt-to-equity ratio of 15.92, a current ratio of 2.98 and a quick ratio of 1.15. The business has a 50-day simple moving average of C$14.88 and a 200 day simple moving average of C$13.66. The firm has a market cap of C$4.43 billion, a PE ratio of 16.11 and a beta of 2.56.

Fortuna Silver Mines (TSE:FVI - Get Free Report) NYSE: FSM last released its quarterly earnings data on Thursday, February 19th. The company reported C$0.32 earnings per share for the quarter. Fortuna Silver Mines had a return on equity of 18.47% and a net margin of 27.64%.The firm had revenue of C$357.48 million during the quarter. Equities research analysts forecast that Fortuna Silver Mines Inc. will post 0.7856273 EPS for the current year.

Fortuna Silver Mines Company Profile

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.

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