Fortuna Silver Mines (TSE:FVI) Stock Price Crosses Above 200-Day Moving Average of $4.41
Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.41 and traded as high as $4.73. Fortuna Silver Mines shares last traded at $4.57, with a volume of 439,531 shares trading hands.
FVI has been the subject of several recent analyst reports. Canaccord Genuity lowered their price objective on shares of Fortuna Silver Mines from C$6.75 to C$6.00 in a research note on Friday, July 19th. Pi Financial upped their price objective on shares of Fortuna Silver Mines from C$6.70 to C$7.10 in a research note on Wednesday, July 24th. BMO Capital Markets upped their price objective on shares of Fortuna Silver Mines from C$7.50 to C$7.75 in a research note on Friday, August 9th. CIBC lowered their price objective on shares of Fortuna Silver Mines from C$6.25 to C$5.25 in a research note on Monday, July 15th. Finally, National Bank Financial upped their price objective on shares of Fortuna Silver Mines from C$7.00 to C$7.50 and gave the company a “sector perform” rating in a research note on Thursday, September 5th.
The stock has a market capitalization of $779.02 million and a P/E ratio of 34.50. The firm’s 50 day moving average price is C$5.24 and its 200 day moving average price is C$4.41. The company has a debt-to-equity ratio of 13.86, a current ratio of 1.66 and a quick ratio of 1.37.
In related news, Director Jorge A. Ganoza Durant purchased 54,716 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was bought at an average cost of C$3.92 per share, with a total value of C$214,219.71. Following the completion of the purchase, the director now directly owns 759,444 shares in the company, valued at C$2,973,314.39.
About Fortuna Silver Mines (TSE:FVI)
Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.
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