Fortuna Silver Mines (TSE:FVI) Insider Sells C$343,750.00 in Stock

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) insider Luis Dario Ganoza Durant sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of C$13.75, for a total value of C$343,750.00. Following the sale, the insider directly owned 381,412 shares in the company, valued at C$5,244,415. The trade was a 6.15% decrease in their position.

Luis Dario Ganoza Durant also recently made the following trade(s):

• On Wednesday, November 26th, Luis Dario Ganoza Durant sold 7,000 shares of Fortuna Silver Mines stock. The shares were sold at an average price of C$13.73, for a total value of C$96,110.00.
• On Wednesday, November 26th, Luis Dario Ganoza Durant sold 18,000 shares of Fortuna Silver Mines stock. The stock was sold at an average price of C$13.75, for a total value of C$247,500.00.

Fortuna Silver Mines Stock Up 3.3%

Shares of TSE FVI traded up C$0.43 during mid-day trading on Friday, reaching C$13.66. 5,365,243 shares of the company’s stock were exchanged, compared to its average volume of 1,175,430. Fortuna Silver Mines Inc. has a twelve month low of C$5.99 and a twelve month high of C$14.50. The company has a current ratio of 1.94, a quick ratio of 1.15 and a debt-to-equity ratio of 13.30. The firm has a market capitalization of C$4.19 billion, a price-to-earnings ratio of 18.46 and a beta of 1.57. The business has a fifty day simple moving average of C$12.40 and a 200 day simple moving average of C$10.89.

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 (EPS) for the quarter. Fortuna Silver Mines had a return on equity of 1.91% and a net margin of 2.45%.The business had revenue of C$350.00 million during the quarter. As a group, equities analysts expect that Fortuna Silver Mines Inc. will post 0.7856273 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Scotiabank raised shares of Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. National Bankshares raised Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$14.25 to C$15.00 in a research note on Tuesday, November 25th. Finally, Canaccord Genuity Group upped their price objective on Fortuna Silver Mines from C$10.50 to C$15.00 in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$12.33.

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.