Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$6.59 and traded as high as C$6.75. Fortuna Silver Mines shares last traded at C$6.62, with a volume of 1,187,693 shares trading hands.
Wall Street Analyst Weigh In
FVI has been the topic of several research analyst reports. 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. Cibc World Mkts cut shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th.
Check Out Our Latest Stock Report on FVI
Fortuna Silver Mines Stock Up 6.6 %
The company's 50 day moving average price is C$6.68 and its two-hundred day moving average price is C$6.60. 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$1.56 billion, a P/E ratio of 62.66 and a beta of 1.63.
Fortuna Silver Mines Company Profile
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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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