Insider Buying: Fortuna Silver Mines Inc (TSE:FVI) Director Purchases C$214,219.71 in Stock

Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) Director Jorge A. Ganoza Durant purchased 54,716 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were purchased at an average price of C$3.92 per share, for a total transaction of C$214,219.71. Following the acquisition, the director now directly owns 759,444 shares of the company’s stock, valued at C$2,973,314.39.

Jorge A. Ganoza Durant also recently made the following trade(s):

  • On Thursday, May 16th, Jorge A. Ganoza Durant purchased 1,970 shares of Fortuna Silver Mines stock. The shares were purchased at an average price of C$3.35 per share, for a total transaction of C$6,605.02.

FVI stock opened at C$3.93 on Tuesday. Fortuna Silver Mines Inc has a 52-week low of C$3.22 and a 52-week high of C$7.78. The company’s 50 day moving average price is C$3.55. The company has a debt-to-equity ratio of 14.15, a current ratio of 2.71 and a quick ratio of 2.31. The firm has a market capitalization of $619.87 million and a price-to-earnings ratio of 30.00.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.04 by C$0.02. The company had revenue of C$77.45 million during the quarter. Equities research analysts predict that Fortuna Silver Mines Inc will post 0.48 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. National Bank Financial cut their price target on shares of Fortuna Silver Mines from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a report on Tuesday, May 21st. Canaccord Genuity set a C$6.50 price target on shares of Fortuna Silver Mines in a report on Monday, April 15th. Finally, CIBC lowered shares of Fortuna Silver Mines from an “outperform” rating to a “neutral” rating in a report on Tuesday, March 5th.

About Fortuna Silver Mines

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.

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