Fortuna Silver Mines (TSE:FVI) Sets New 52-Week High – Here’s What Happened

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) shares hit a new 52-week high on Monday . The company traded as high as C$14.87 and last traded at C$14.77, with a volume of 181051 shares. The stock had previously closed at C$14.28.

Analysts Set New Price Targets

A number of analysts have recently commented on FVI shares. Canaccord Genuity Group boosted their price target on Fortuna Silver Mines from C$10.50 to C$15.00 in a research report on Thursday, October 2nd. Scotiabank raised Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Finally, National Bankshares raised Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$14.25 to C$15.00 in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$12.33.

Fortuna Silver Mines Price Performance

The firm has a 50-day moving average of C$12.95 and a 200 day moving average of C$11.38. The company has a market capitalization of C$4.48 billion, a PE ratio of 19.85 and a beta of 1.72. The company has a debt-to-equity ratio of 13.30, a current ratio of 1.94 and a quick ratio of 1.15.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its earnings results on Wednesday, November 5th. The company reported C$0.17 earnings per share (EPS) for the quarter. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 1.91%. The business had revenue of C$350.00 million for the quarter. As a group, research analysts anticipate that Fortuna Silver Mines Inc. will post 0.7856273 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fortuna Silver Mines news, insider Luis Dario Ganoza Durant sold 7,000 shares of Fortuna Silver Mines stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of C$13.73, for a total value of C$96,110.00. Following the completion of the sale, the insider owned 406,412 shares of the company’s stock, valued at approximately C$5,580,036.76. The trade was a 1.69% decrease in their position. Over the last ninety days, insiders have sold 50,000 shares of company stock valued at $687,360. Insiders own 0.83% of the company’s stock.

About Fortuna Silver Mines

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.