Fortuna Silver Mines (TSE:FVI) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.44 and traded as low as C$12.91. Fortuna Silver Mines shares last traded at C$13.11, with a volume of 980,288 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. BMO Capital Markets boosted their price objective on shares of Fortuna Silver Mines from C$15.00 to C$17.00 in a report on Friday, January 16th. Canadian Imperial Bank of Commerce upgraded Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and raised their target price for the company from C$9.00 to C$16.00 in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Fortuna Silver Mines presently has an average rating of “Buy” and a consensus target price of C$15.75.

Fortuna Silver Mines Stock Performance

The company’s fifty day simple moving average is C$15.09 and its two-hundred day simple moving average is C$13.45. The company has a market capitalization of C$4.03 billion, a price-to-earnings ratio of 14.66 and a beta of 2.26. The company has a debt-to-equity ratio of 15.92, a quick ratio of 1.15 and a current ratio of 2.98.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued its earnings results on Thursday, February 19th. The company reported C$0.32 earnings per share (EPS) for the quarter. Fortuna Silver Mines had a net margin of 27.64% and a return on equity of 18.47%. The business had revenue of C$357.48 million for the quarter. Equities research analysts predict that Fortuna Silver Mines Inc. will post 0.7856273 earnings per share for the current fiscal year.

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. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan.