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

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.67 and traded as high as C$11.42. Fortuna Silver Mines shares last traded at C$11.32, with a volume of 1,212,414 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their price target 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Sell” and a consensus target price of C$11.00.

Fortuna Silver Mines Stock Performance

The company has a debt-to-equity ratio of 13.30, a current ratio of 1.94 and a quick ratio of 1.15. The company has a market cap of C$3.47 billion, a price-to-earnings ratio of 22.64 and a beta of 1.68. The firm has a 50 day simple moving average of C$11.40 and a 200-day simple moving average of C$9.67.

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.