Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.51 and traded as high as C$9.63. Fortuna Silver Mines shares last traded at C$9.36, with a volume of 695,701 shares changing hands.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. CIBC downgraded shares of Fortuna Silver Mines from a "neutral" rating to an "underperform" rating and reduced their target price for the stock from C$8.00 to C$7.00 in a research note on Tuesday, February 18th. Cibc World Mkts downgraded shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 18th. Finally, National Bank Financial upgraded shares of Fortuna Silver Mines to a "hold" rating in a research note on Friday, March 21st.
Get Our Latest Analysis on Fortuna Silver Mines
Fortuna Silver Mines Trading Down 0.1%
The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.15 and a current ratio of 1.94. The firm has a market cap of C$2.07 billion, a P/E ratio of 82.99 and a beta of 1.63. The firm has a 50 day simple moving average of C$8.44 and a 200 day simple moving average of C$7.51.
About Fortuna Silver Mines
(
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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.
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