Fortuna Silver Mines (TSE:FVI) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$9.67 and traded as high as C$11.42. Fortuna Silver Mines shares last traded at C$11.32, with a volume of 1,212,414 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their target price on shares of Fortuna Silver Mines from C$10.50 to C$15.00 in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Sell” and a consensus price target of C$11.00.

Fortuna Silver Mines Price Performance

The company’s 50-day moving average price is C$11.40 and its 200-day moving average price is C$9.67. 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 cap of C$3.47 billion, a price-to-earnings ratio of 22.64 and a beta of 1.68.

About Fortuna Silver Mines

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc, is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc.