Jorge Ganoza Durant Buys 10,000 Shares of Fortuna Silver Mines (TSE:FVI) Stock

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

Fortuna Silver Mines Price Performance

TSE FVI opened at C$13.14 on Friday. The company has a current ratio of 3.17, a quick ratio of 1.15 and a debt-to-equity ratio of 11.81. The company has a fifty day simple moving average of C$14.05 and a 200 day simple moving average of C$13.96. The company has a market cap of C$4.00 billion, a P/E ratio of 12.40 and a beta of 2.62. Fortuna Silver Mines Inc. has a 1 year low of C$7.32 and a 1 year high of C$18.99.

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

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce raised shares of Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and increased their price target for the company from C$9.00 to C$16.00 in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average 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.