Key Points
- Director Jorge Ganoza Durant bought 10,000 shares of Fortuna Silver Mines on May 15 at an average price of C$13.29, increasing his stake by 0.66% to 1,526,443 shares.
- Fortuna Silver Mines recently reported quarterly EPS of C$0.50 on revenue of C$476.14 million, with strong profitability metrics including a 20.79% return on equity and 31.11% net margin.
- Analysts remain generally positive on the stock, with a consensus Buy rating and an average price target of C$15.75 after recent target increases from CIBC and BMO Capital Markets.
Fortuna Silver Mines Inc. (TSE:FVI - Get Free Report) (NYSE:FSM) Director Jorge Ganoza Durant purchased 10,000 shares of the stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of C$13.29 per share, with a total value of C$132,900.00. Following the transaction, the director owned 1,526,443 shares of the company's stock, valued at C$20,286,427.47. This trade represents a 0.66% increase in their position.
Fortuna Silver Mines Price Performance
FVI stock opened at C$13.14 on Friday. The stock has a 50-day moving average price of C$14.05 and a two-hundred day moving average price of C$13.96. Fortuna Silver Mines Inc. has a 12-month low of C$7.32 and a 12-month high of C$18.99. The company has a current ratio of 3.17, a quick ratio of 1.15 and a debt-to-equity ratio of 11.81. The company has a market cap of C$4.00 billion, a PE ratio of 12.40 and a beta of 2.62.
Fortuna Silver Mines (TSE:FVI - Get Free Report) (NYSE:FSM) last posted 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 firm had revenue of C$476.14 million during the quarter. As a group, research analysts predict that Fortuna Silver Mines Inc. will post 0.7856273 EPS for the current year.
Analysts Set New Price Targets
FVI has been the subject of a number of research reports. Canadian Imperial Bank of Commerce raised Fortuna Silver Mines from an "underperform" rating to a "neutral" rating and boosted their price target for the company from C$9.00 to C$16.00 in a research report on Wednesday, February 4th. BMO Capital Markets increased their target price on Fortuna Silver Mines from C$15.00 to C$17.00 in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Fortuna Silver Mines currently has an average rating of "Buy" and a consensus price target of C$15.75.
View Our Latest Analysis on FVI
Fortuna Silver Mines Company Profile
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Get Free Report)
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.
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