Fortuna Silver Mines (TSE:FVI) Sets New 12-Month High – What’s Next?

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$9.36 and last traded at C$9.01, with a volume of 730871 shares trading hands. The stock had previously closed at C$9.04.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FVI shares. CIBC downgraded Fortuna Silver Mines from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from C$8.00 to C$7.00 in a report on Tuesday, February 18th. Cibc World Mkts cut shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 18th. Finally, National Bank Financial upgraded shares of Fortuna Silver Mines to a “hold” rating in a research note on Friday, March 21st.

Fortuna Silver Mines Price 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 stock has a fifty day moving average of C$7.71 and a two-hundred day moving average of C$7.02. The stock has a market cap of C$1.99 billion, a price-to-earnings ratio of 79.97 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.