Fortuna Silver Mines (TSE:FVI) Hits New 1-Year High – Here’s What Happened

Shares of Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$8.73 and last traded at C$8.72, with a volume of 451621 shares changing hands. The stock had previously closed at C$8.58.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FVI shares. Cibc World Mkts lowered shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 18th. CIBC downgraded shares of Fortuna Silver Mines from a “neutral” rating to an “underperform” rating and cut their price objective for the company from C$8.00 to C$7.00 in a research report on Tuesday, February 18th.

Fortuna Silver Mines Stock Performance

The firm’s 50 day simple moving average is C$6.92 and its 200 day simple moving average is C$6.68. The company has a current ratio of 1.94, a quick ratio of 1.15 and a debt-to-equity ratio of 13.30. The firm has a market cap of C$1.92 billion, a PE ratio of 77.31 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.