Fortuna Silver Mines (TSE:FVI) Director Buys C$298,600.00 in Stock

Fortuna Silver Mines Inc. (TSE:FVI – Get Free Report) (NYSE:FSM) Director Jorge Ganoza Durant bought 20,000 shares of Fortuna Silver Mines stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of C$14.93 per share, for a total transaction of C$298,600.00. Following the completion of the acquisition, the director directly owned 1,506,443 shares in the company, valued at C$22,491,193.99. This represents a 1.35% increase in their ownership of the stock.

Fortuna Silver Mines Price Performance

TSE FVI traded down C$0.26 during trading hours on Tuesday, reaching C$14.64. 639,591 shares of the company’s stock were exchanged, compared to its average volume of 1,179,824. The firm has a fifty day moving average of C$14.33 and a 200-day moving average of C$13.89. 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$4.46 billion, a PE ratio of 13.81 and a beta of 2.62. The company has a current ratio of 3.17, a quick ratio of 1.15 and a debt-to-equity ratio of 11.81.

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Fortuna Silver Mines (TSE:FVI – Get Free Report) (NYSE:FSM) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.50 earnings per share (EPS) for the quarter. The firm 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, equities research analysts predict that Fortuna Silver Mines Inc. will post 0.7856273 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FVI has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce raised shares of Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from C$9.00 to C$16.00 in a research note on Wednesday, February 4th. BMO Capital Markets lifted their target price on shares of Fortuna Silver Mines from C$15.00 to C$17.00 in a report on Friday, January 16th. One research 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 data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$15.75.

Read Our Latest Stock Analysis on FVI

Fortuna Silver Mines Company Profile

(Get Free Report)

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.

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