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

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.95 and traded as high as C$8.86. Fortuna Silver Mines shares last traded at C$8.69, with a volume of 1,224,033 shares changing hands.

Analyst Upgrades and Downgrades

FVI has been the subject of a number of research reports. CIBC lowered Fortuna Silver Mines from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from C$8.00 to C$7.00 in a research report on Tuesday, February 18th. National Bank Financial raised shares of Fortuna Silver Mines to a “hold” rating in a research note on Friday, March 21st. Finally, Cibc World Mkts downgraded shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 18th.

Fortuna Silver Mines Stock Up 6.8 %

The business has a fifty day moving average of C$7.59 and a 200 day moving average of C$6.95. 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 market cap of C$1.92 billion, a P/E ratio of 77.13 and a beta of 1.63.

Fortuna Silver Mines Company Profile

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.