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

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) Director Jorge Ganoza Durant purchased 10,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of C$13.29 per share, with a total value of C$132,900.00. Following the transaction, the director directly 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 Performance

Fortuna Silver Mines stock opened at C$13.14 on Friday. The company has a debt-to-equity ratio of 11.81, a quick ratio of 1.15 and a current ratio of 3.17. The stock has a fifty day moving average of C$14.05 and a two-hundred day moving average of C$13.96. The company has a market capitalization of C$4.00 billion, a price-to-earnings ratio of 12.40 and a beta of 2.62. Fortuna Silver Mines Inc. has a fifty-two week low of C$7.32 and a fifty-two week 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 for the quarter. The company had revenue of C$476.14 million during the quarter. Fortuna Silver Mines had a return on equity of 20.79% and a net margin of 31.11%. On average, analysts anticipate that Fortuna Silver Mines Inc. will post 0.7856273 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on FVI. BMO Capital Markets raised their price target on Fortuna Silver Mines from C$15.00 to C$17.00 in a research report on Friday, January 16th. Canadian Imperial Bank of Commerce raised Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from C$9.00 to C$16.00 in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.