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

Shares of Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.71 and traded as high as C$13.83. Fortuna Silver Mines shares last traded at C$13.44, with a volume of 1,773,623 shares traded.

Analysts Set New Price Targets

FVI has been the subject of several recent analyst reports. Canaccord Genuity Group lifted their price target on Fortuna Silver Mines from C$10.50 to C$15.00 in a research note on Thursday, October 2nd. Scotiabank upgraded Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Finally, National Bankshares raised Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$14.25 to C$15.00 in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$12.33.

Fortuna Silver Mines Stock Performance

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 50-day moving average price of C$12.32 and a two-hundred day moving average price of C$10.71. The firm has a market cap of C$4.13 billion, a PE ratio of 18.16 and a beta of 1.57.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.17 EPS for the quarter. The firm had revenue of C$350.00 million during the quarter. Fortuna Silver Mines had a return on equity of 1.91% and a net margin of 2.45%. Research analysts forecast that Fortuna Silver Mines Inc. will post 0.7856273 EPS for the current fiscal year.

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.