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

Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM's share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$8.73 and last traded at C$8.72, with a volume of 451621 shares changing hands. The stock had previously closed at C$8.58.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FVI. CIBC lowered shares of Fortuna Silver Mines from a "neutral" rating to an "underperform" rating and cut their target price for the stock from C$8.00 to C$7.00 in a research report 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.

Fortuna Silver Mines Stock Up 1.4 %

The stock has a fifty day simple moving average of C$7.01 and a two-hundred day simple moving average of C$6.71. The firm has a market cap of C$1.88 billion, a PE ratio of 75.53 and a beta of 1.63. The company has a current ratio of 1.94, a quick ratio of 1.15 and a debt-to-equity ratio of 13.30.

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.