Fortuna Silver Mines (TSE:FVI) Hits New 12-Month High - Should You Buy?

Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM shares reached a new 52-week high during trading on Thursday . The stock traded as high as C$9.36 and last traded at C$9.01, with a volume of 730871 shares changing hands. The stock had previously closed at C$9.04.

Analyst Upgrades and Downgrades

FVI has been the subject of several recent analyst reports. Cibc World Mkts cut Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th. CIBC cut shares of Fortuna Silver Mines from a "neutral" rating to an "underperform" rating and lowered their target price for the company from C$8.00 to C$7.00 in a research note on Tuesday, February 18th. Finally, National Bank Financial raised shares of Fortuna Silver Mines to a "hold" rating in a research note on Friday, March 21st.

Fortuna Silver Mines Trading Up 1.1 %

The company has a quick ratio of 1.15, a current ratio of 1.94 and a debt-to-equity ratio of 13.30. The firm's 50-day simple moving average is C$7.78 and its 200 day simple moving average is C$7.07. The stock has a market capitalization of C$1.95 billion, a P/E ratio of 78.46 and a beta of 1.63.

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.