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

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) Director Jorge Ganoza Durant bought 10,000 shares of the stock in a transaction on Friday, May 15th. The stock was acquired 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 owned 1,526,443 shares of the company’s stock, valued at C$20,286,427.47. This represents a 0.66% increase in their position.

Fortuna Silver Mines Stock Down 7.3%

TSE FVI traded down C$1.04 during mid-day trading on Friday, hitting 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. The firm has a market capitalization of C$4.00 billion, a price-to-earnings ratio of 12.40 and a beta of 2.62. The company’s 50 day simple moving average is C$14.05 and its 200 day simple moving average 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 Inc. has a twelve month low of C$7.32 and a twelve month high of C$18.99.

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

Wall Street Analyst Weigh In

FVI has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce upgraded Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and upped their price objective for the company from C$9.00 to C$16.00 in a research note on Wednesday, February 4th. BMO Capital Markets boosted their target price on Fortuna Silver Mines from C$15.00 to C$17.00 in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Fortuna Silver Mines has a consensus 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.