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

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.92 and traded as high as C$11.64. Fortuna Silver Mines shares last traded at C$11.49, with a volume of 1,362,351 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their price objective on shares of Fortuna Silver Mines from C$10.50 to C$15.00 in a research report on Thursday, October 2nd. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell” and an average target price of C$11.00.

Fortuna Silver Mines Stock Performance

The stock’s 50 day moving average price is C$11.68 and its two-hundred day moving average price is C$9.92. 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 market capitalization of C$3.53 billion, a price-to-earnings ratio of 22.98 and a beta of 1.72.

Fortuna Silver Mines Company Profile

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.