Fortuna Silver Mines (TSE:FVI) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Shares of 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$6.95 and traded as high as C$8.86. Fortuna Silver Mines shares last traded at C$8.69, with a volume of 1,224,033 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. National Bank Financial raised Fortuna Silver Mines to a "hold" rating in a report on Friday, March 21st. Cibc World Mkts cut shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 18th. Finally, CIBC cut Fortuna Silver Mines from a "neutral" rating to an "underperform" rating and lowered their price target for the stock from C$8.00 to C$7.00 in a report on Tuesday, February 18th.

Fortuna Silver Mines Trading Up 2.3 %

The business's fifty day moving average price is C$7.68 and its 200 day moving average price is C$7.00. 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 has a market capitalization of C$2.04 billion, a PE ratio of 82.10 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.