Insider Buying: Fortuna Silver Mines Inc (FVI) Director Acquires 131,800 Shares of Stock
Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) Director Durant Jorge A. Ganoza bought 131,800 shares of Fortuna Silver Mines stock in a transaction on Monday, October 2nd. The stock was acquired at an average price of C$4.51 per share, with a total value of C$594,418.00.
Shares of Fortuna Silver Mines Inc (TSE:FVI) traded up 0.87% during mid-day trading on Friday, hitting $5.80. 162,069 shares of the stock were exchanged. The firm has a 50-day moving average price of $5.79 and a 200 day moving average price of $6.19. The company has a market capitalization of $923.49 million and a PE ratio of 22.66. Fortuna Silver Mines Inc has a 12-month low of $5.42 and a 12-month high of $10.32.
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A number of analysts have issued reports on FVI shares. Canaccord Genuity reiterated a “buy” rating and issued a C$8.50 target price on shares of Fortuna Silver Mines in a research note on Thursday, September 7th. CIBC reduced their target price on shares of Fortuna Silver Mines from C$9.00 to C$8.00 in a research note on Wednesday, August 16th. National Bank Financial reduced their target price on shares of Fortuna Silver Mines from C$8.00 to C$7.75 and set an “outperform” rating for the company in a research note on Wednesday, August 16th. Finally, Scotiabank reduced their target price on shares of Fortuna Silver Mines to C$7.50 and set a “sector perform” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$8.46.
Fortuna Silver Mines Company Profile
Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.
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