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 acquired 10,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average price of C$13.29 per share, with a total value of C$132,900.00. Following the completion of the acquisition, the director directly owned 1,526,443 shares in the company, valued at approximately C$20,286,427.47. This represents a 0.66% increase in their position.

Fortuna Silver Mines Trading Down 7.3%

Shares of FVI traded down C$1.04 during mid-day trading on Friday, reaching C$13.14. The company’s stock had a trading volume of 1,272,261 shares, compared to its average volume of 1,184,185. Fortuna Silver Mines Inc. has a 52 week low of C$7.32 and a 52 week 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. The company’s fifty day moving average price is C$14.05 and its two-hundred day moving average price is C$13.96. The company has a current ratio of 3.17, a quick ratio of 1.15 and a debt-to-equity ratio of 11.81.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FVI. Canadian Imperial Bank of Commerce raised shares of Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and lifted their target price for the company from C$9.00 to C$16.00 in a research note on Wednesday, February 4th. BMO Capital Markets raised their price objective on shares of Fortuna Silver Mines from C$15.00 to C$17.00 in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Fortuna Silver Mines has an average rating of “Buy” and a consensus price target of C$15.75.

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.