Fortuna Silver Mines (TSE:FVI) Shares Pass Above 200-Day Moving Average - Here's What Happened

Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.57 and traded as high as C$6.66. Fortuna Silver Mines shares last traded at C$6.63, with a volume of 985,368 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Cibc World Mkts lowered Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 18th. CIBC lowered Fortuna Silver Mines from a "neutral" rating to an "underperform" rating and reduced their target price for the company from C$8.00 to C$7.00 in a report on Tuesday, February 18th.

Fortuna Silver Mines Trading Down 0.3 %

The stock has a market cap of C$1.38 billion, a PE ratio of 55.30 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. The firm has a fifty day simple moving average of C$6.65 and a two-hundred day simple moving average of C$6.58.

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.