Fortuna Silver Mines (TSE:FVI) Reaches New 1-Year High – Here’s Why

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$9.18 and last traded at C$8.90, with a volume of 183493 shares. The stock had previously closed at C$8.69.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Cibc World Mkts cut shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 18th. National Bank Financial raised Fortuna Silver Mines to a “hold” rating in a research report on Friday, March 21st. Finally, CIBC downgraded Fortuna Silver Mines from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from C$8.00 to C$7.00 in a research report on Tuesday, February 18th.

Fortuna Silver Mines Stock Performance

The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.15 and a current ratio of 1.94. The company has a 50 day moving average price of C$7.62 and a 200 day moving average price of C$6.97. The company has a market capitalization of C$1.99 billion, a PE ratio of 79.97 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.