Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$5.41 and last traded at C$5.46, with a volume of 155,081 shares changing hands. The stock had previously closed at C$5.47.

Several research firms recently issued reports on FVI. Canaccord Genuity reissued a “buy” rating and set a C$8.50 price target on shares of Fortuna Silver Mines in a research report on Thursday, September 7th. CIBC dropped their price target on Fortuna Silver Mines from C$8.00 to C$7.50 in a research report on Thursday, October 12th. Scotiabank dropped their price target on Fortuna Silver Mines to C$7.50 and set a “sector perform” rating on the stock in a research report on Friday, October 6th. Finally, National Bank Financial dropped their price target on Fortuna Silver Mines from C$8.00 to C$7.75 and set an “outperform” rating on the stock in a research report on Wednesday, August 16th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$8.38.

The stock’s 50 day moving average is $5.79 and its 200-day moving average is $6.12. The stock has a market cap of $874.13 million and a price-to-earnings ratio of 21.45.

In related news, Director Durant Jorge A. Ganoza bought 131,800 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was acquired at an average price of C$4.51 per share, for a total transaction of C$594,418.00. Also, insider Gordon Jang bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were bought at an average price of C$5.75 per share, with a total value of C$28,750.00. Insiders have purchased a total of 213,800 shares of company stock valued at $975,318 in the last 90 days.

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Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.

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