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

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on FVI shares. CIBC downgraded shares of Fortuna Silver Mines from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from C$8.00 to C$7.00 in a research note on Tuesday, February 18th. Cibc World Mkts downgraded shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 18th.

Fortuna Silver Mines Trading Up 1.5 %

The company has a quick ratio of 1.15, a current ratio of 1.94 and a debt-to-equity ratio of 13.30. The stock’s 50 day moving average price is C$6.92 and its 200-day moving average price is C$6.68. The stock has a market capitalization of C$1.92 billion, a P/E 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.