Fortuna Silver Mines (TSE:FVI) Stock Passes Above 200 Day Moving Average – What’s Next?

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$9.92 and traded as high as C$11.64. Fortuna Silver Mines shares last traded at C$11.49, with a volume of 1,362,351 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their price objective on shares of Fortuna Silver Mines from C$10.50 to C$15.00 in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Fortuna Silver Mines currently has an average rating of “Sell” and an average target price of C$11.00.

Fortuna Silver Mines Stock Up 2.0%

The stock’s fifty day moving average price is C$11.68 and its 200-day moving average price is C$9.93. The company has a market capitalization of C$3.53 billion, a price-to-earnings ratio of 22.98 and a beta of 1.72. The company has a quick ratio of 1.15, a current ratio of 1.94 and a debt-to-equity ratio of 13.30.

Fortuna Silver Mines Company Profile

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.