Fortuna Silver Mines (TSE:FVI) Shares Cross Above 200 Day Moving Average – What’s Next?

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$6.75 and traded as high as C$6.76. Fortuna Silver Mines shares last traded at C$6.59, with a volume of 856,402 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price target on shares of Fortuna Silver Mines from C$7.50 to C$8.00 in a research report on Tuesday, July 23rd.

Fortuna Silver Mines Stock Performance

The stock has a market capitalization of C$2.06 billion, a price-to-earnings ratio of -39.25 and a beta of 1.63. The company has a 50 day simple moving average of C$6.52 and a 200-day simple moving average of C$6.75. The company has a quick ratio of 1.15, a current ratio of 1.51 and a debt-to-equity ratio of 16.12.

About Fortuna Silver Mines

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.