Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.08 and traded as high as C$6.65. Fortuna Silver Mines shares last traded at C$6.55, with a volume of 784,485 shares.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of Fortuna Silver Mines from C$6.50 to C$8.00 in a report on Thursday, May 9th. CIBC lifted their price objective on Fortuna Silver Mines from C$8.00 to C$9.25 and gave the stock a "neutral" rating in a report on Wednesday, May 22nd. Canaccord Genuity Group raised their price target on Fortuna Silver Mines from C$7.50 to C$8.00 in a research report on Tuesday, July 23rd. Finally, National Bankshares set a C$9.00 price target on Fortuna Silver Mines and gave the stock a "sector perform" rating in a research note on Tuesday, June 11th.
Check Out Our Latest Research Report on FVI
Fortuna Silver Mines Trading Down 0.3 %
The company has a debt-to-equity ratio of 16.12, a current ratio of 1.51 and a quick ratio of 1.15. The firm's 50 day moving average price is C$6.64 and its 200 day moving average price is C$6.08. The stock has a market capitalization of C$2.05 billion, a P/E ratio of -39.25 and a beta of 1.62.
About Fortuna Silver Mines
(
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Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.
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