Fortuna Silver Mines (TSE:FVI) Share Price Crosses Above 200 Day Moving Average of $6.08

Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) NYSE: FSM's share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.08 and traded as high as C$6.65. Fortuna Silver Mines shares last traded at C$6.55, with a volume of 784,485 shares.Get Fortuna Silver Mines alerts:Analyst Ratings ChangesSeveral equities research analysts have commented on the stock. Canaccord Genuity Group upped their target price on shares of Fortuna Silver Mines from C$7.50 to C$8.00 in a research note on Tuesday, July 23rd. BMO Capital Markets raised their price objective on Fortuna Silver Mines from C$6.50 to C$8.00 in a research note on Thursday, May 9th. National Bankshares set a C$9.00 target price on Fortuna Silver Mines and gave the stock a "sector perform" rating in a report on Tuesday, June 11th. Finally, CIBC increased their price target on Fortuna Silver Mines from C$8.00 to C$9.25 and gave the stock a "neutral" rating in a report on Wednesday, May 22nd.View Our Latest Stock Report on Fortuna Silver MinesFortuna Silver Mines Price PerformanceThe company has a current ratio of 1.51, a quick ratio of 1.15 and a debt-to-equity ratio of 16.12. The company has a 50 day simple moving average of C$6.64 and a 200 day simple moving average of C$6.08. The stock has a market cap of C$2.05 billion, a P/E ratio of -39.25 and a beta of 1.62. About Fortuna Silver Mines (Get Free Report)Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.Read MoreFive stocks we like better than Fortuna Silver MinesHealth Care Stocks Explained: Why You Might Want to InvestAdvance Auto Parts Eyes Long-Term Growth Despite Q2 HurdlesWhat is Short Interest? How to Use ItToll Brothers Stock Up on Q3 Beat: Luxury Homes Drive GrowthWhat is a Secondary Public Offering? What Investors Need to Know4 No-Brainer Stocks to Hold This Fall for Steady GainsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ AI Caught “Red-Handed” Attempting Insider Trade (From Altimetry) (Ad)Should you invest $1,000 in Fortuna Silver Mines right now?Before you consider Fortuna Silver Mines, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fortuna Silver Mines wasn't on the list.While Fortuna Silver Mines currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here