Fortuna Silver Mines (TSE:FVI) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.08 and traded as high as C$11.78. Fortuna Silver Mines shares last traded at C$11.60, with a volume of 746,041 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target on Fortuna Silver Mines from C$10.50 to C$15.00 in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Sell” and an average target price of C$11.00.

Fortuna Silver Mines Price Performance

The firm has a market cap of C$3.67 billion, a P/E ratio of 16.18 and a beta of 1.72. The company has a debt-to-equity ratio of 13.30, a current ratio of 1.94 and a quick ratio of 1.15. The company’s 50-day moving average is C$11.85 and its two-hundred day moving average is C$10.12.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its earnings results on Wednesday, November 5th. The company reported C$0.38 EPS for the quarter. The firm had revenue of C$350.00 million for the quarter. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 1.91%. Sell-side analysts anticipate that Fortuna Silver Mines Inc. will post 0.7856273 EPS 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.