Shares of Fortuna Silver Mines Inc. (TSE:FVI – Get Free Report) (NYSE:FSM) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$5.57 and traded as high as C$6.78. Fortuna Silver Mines shares last traded at C$6.69, with a volume of 348,603 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. Canaccord Genuity Group upped their price target on Fortuna Silver Mines from C$6.00 to C$7.50 in a research report on Tuesday, April 23rd. BMO Capital Markets upped their price target on Fortuna Silver Mines from C$6.50 to C$8.00 in a research report on Thursday, May 9th. National Bankshares set a C$9.00 price target on Fortuna Silver Mines and gave the company a “sector perform” rating in a research report on Tuesday, June 11th. Finally, CIBC upped their price target on Fortuna Silver Mines from C$8.00 to C$9.25 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd.
Fortuna Silver Mines Stock Performance
Fortuna Silver Mines (TSE:FVI – Get Free Report) (NYSE:FSM) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.04 by C$0.08. Fortuna Silver Mines had a negative return on equity of 2.02% and a negative net margin of 3.98%. The company had revenue of C$303.26 million during the quarter. Equities analysts expect that Fortuna Silver Mines Inc. will post 0.5029656 EPS for the current fiscal year.
Insider Activity at Fortuna Silver Mines
In related news, Senior Officer David Whittle sold 5,421 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of C$4.91, for a total transaction of C$26,617.11. In related news, Senior Officer David Whittle sold 5,421 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of C$4.91, for a total value of C$26,617.11. Also, Senior Officer Eric Chapman sold 12,195 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$7.74, for a total value of C$94,389.30. Insiders sold 91,516 shares of company stock valued at $634,632 over the last 90 days. 0.87% of the stock is currently owned by corporate insiders.
About Fortuna Silver Mines
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.
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