Fortuna Silver Mines (TSE:FVI) Sets New 1-Year High – Should You Buy?

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$14.87 and last traded at C$14.77, with a volume of 181051 shares changing hands. The stock had previously closed at C$14.28.

Analysts Set New Price Targets

FVI has been the subject of several analyst reports. Scotiabank upgraded shares of Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. Canaccord Genuity Group boosted their price objective on Fortuna Silver Mines from C$10.50 to C$15.00 in a research report on Thursday, October 2nd. Finally, National Bankshares raised Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$14.25 to C$15.00 in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$12.33.

Fortuna Silver Mines Trading Up 2.9%

The company has a debt-to-equity ratio of 13.30, a current ratio of 1.94 and a quick ratio of 1.15. The stock’s 50 day moving average is C$12.95 and its 200-day moving average is C$11.38. The company has a market capitalization of C$4.48 billion, a P/E ratio of 19.85 and a beta of 1.72.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its earnings results on Wednesday, November 5th. The company reported C$0.17 earnings per share for the quarter. The firm had revenue of C$350.00 million for the quarter. Fortuna Silver Mines had a return on equity of 1.91% and a net margin of 2.45%. As a group, equities research analysts anticipate that Fortuna Silver Mines Inc. will post 0.7856273 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Luis Dario Ganoza Durant sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of C$13.75, for a total transaction of C$343,750.00. Following the sale, the insider owned 381,412 shares in the company, valued at approximately C$5,244,415. The trade was a 6.15% decrease in their position. Insiders sold a total of 50,000 shares of company stock worth $687,360 over the last ninety days. Company insiders own 0.83% of the company’s stock.

Fortuna Silver Mines Company Profile

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.