Fortuna Silver Mines (TSE:FVI) Stock Price Crosses Below 200 Day Moving Average of $4.11

Fortuna Silver Mines Inc. (TSE:FVIGet Rating) (NYSE:FSM) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$4.11 and traded as low as C$3.06. Fortuna Silver Mines shares last traded at C$3.13, with a volume of 453,270 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FVI shares. National Bankshares lowered their price target on Fortuna Silver Mines from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a research note on Monday, August 15th. CIBC lowered their price target on Fortuna Silver Mines from C$5.50 to C$5.00 and set a “neutral” rating on the stock in a research note on Friday, August 12th. Pi Financial upgraded Fortuna Silver Mines from a “neutral” rating to a “buy” rating in a research note on Monday, June 6th. BMO Capital Markets lowered their price target on Fortuna Silver Mines from C$6.25 to C$5.75 in a research note on Thursday, August 11th. Finally, Laurentian lowered their price target on Fortuna Silver Mines from C$6.00 to C$4.75 in a research note on Tuesday, July 12th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fortuna Silver Mines currently has an average rating of “Moderate Buy” and a consensus price target of C$5.21.

Fortuna Silver Mines Stock Performance

The company has a market capitalization of C$903.52 million and a P/E ratio of 23.85. The firm has a 50 day moving average price of C$3.31 and a two-hundred day moving average price of C$4.08. The company has a debt-to-equity ratio of 16.80, a quick ratio of 1.46 and a current ratio of 2.26.

Insider Activity

In other Fortuna Silver Mines news, Director Jorge A. Ganoza Durant purchased 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 6th. The shares were acquired at an average cost of C$3.26 per share, for a total transaction of C$130,548.00. Following the transaction, the director now directly owns 2,068,131 shares in the company, valued at C$6,749,759.14.

Fortuna Silver Mines Company Profile

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Fortuna Silver Mines Inc engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.

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