Fortuna Silver Mines (TSE:FVI) Stock Passes Above 200-Day Moving Average of $6.39

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$6.39 and traded as high as C$6.92. Fortuna Silver Mines shares last traded at C$6.78, with a volume of 803,583 shares.

Analyst Ratings Changes

Several research firms have weighed in on FVI. CIBC upped their price objective on shares of Fortuna Silver Mines from C$8.00 to C$9.25 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Canaccord Genuity Group upped their price objective on shares of Fortuna Silver Mines from C$7.50 to C$8.00 in a report on Tuesday, July 23rd. Finally, National Bankshares set a C$9.00 price objective on shares of Fortuna Silver Mines and gave the stock a “sector perform” rating in a report on Tuesday, June 11th.

Fortuna Silver Mines Stock Performance

The company has a debt-to-equity ratio of 16.12, a quick ratio of 1.15 and a current ratio of 1.51. The stock has a market cap of C$2.12 billion, a P/E ratio of -39.25 and a beta of 1.63. The company’s 50 day moving average price is C$6.41 and its 200-day moving average price is C$6.39.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its earnings results on Wednesday, August 7th. The company reported C$0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.04). Fortuna Silver Mines had a return on equity of 1.00% and a net margin of 0.20%. The firm had revenue of C$355.70 million during the quarter. Equities analysts forecast that Fortuna Silver Mines Inc. will post 0.7845304 EPS for the current fiscal year.

Fortuna Silver Mines Company Profile

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.