Fortuna Silver Mines (TSE:FVI) Director Acquires C$132,900.00 in Stock

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) Director Jorge Ganoza Durant purchased 10,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of C$13.29 per share, with a total value of C$132,900.00. Following the completion of the purchase, the director owned 1,526,443 shares of the company’s stock, valued at C$20,286,427.47. The trade was a 0.66% increase in their position.

Fortuna Silver Mines Stock Performance

Fortuna Silver Mines stock opened at C$13.14 on Monday. The stock has a 50-day moving average of C$14.05 and a two-hundred day moving average of C$13.98. The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.15 and a current ratio of 3.17. Fortuna Silver Mines Inc. has a one year low of C$7.32 and a one year high of C$18.99. The stock has a market cap of C$4.00 billion, a PE ratio of 12.40 and a beta of 2.62.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.50 EPS for the quarter. Fortuna Silver Mines had a return on equity of 20.79% and a net margin of 31.11%.The company had revenue of C$476.14 million during the quarter. On average, research analysts anticipate that Fortuna Silver Mines Inc. will post 0.7856273 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce upgraded Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from C$9.00 to C$16.00 in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$15.75.

Fortuna Silver Mines Company Profile

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc, is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan.