Fortuna Silver Mines (TSE:FVI) Sets New 52-Week High – Should You Buy?

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM)’s share price hit a new 52-week high on Thursday . The stock traded as high as C$8.73 and last traded at C$8.72, with a volume of 451621 shares trading hands. The stock had previously closed at C$8.58.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Cibc World Mkts lowered shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 18th. CIBC lowered Fortuna Silver Mines from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from C$8.00 to C$7.00 in a research note on Tuesday, February 18th.

Fortuna Silver Mines Price Performance

The company’s 50 day moving average price is C$7.01 and its 200 day moving average price is C$6.70. The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.15 and a current ratio of 1.94. The company has a market cap of C$1.85 billion, a price-to-earnings ratio of 74.47 and a beta of 1.63.

About Fortuna Silver Mines

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d’Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d’Ivoire.