Fortuna Silver Mines Inc (FVI) Set to Announce Quarterly Earnings on Wednesday
Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of C$0.09 per share for the quarter.
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In other news, Director Durant Jorge A. Ganoza purchased 131,800 shares of the stock in a transaction on Monday, October 2nd. The stock was bought at an average price of C$4.51 per share, with a total value of C$594,418.00. Also, Director Durant Jorge A. Ganoza purchased 76,000 shares of the stock in a transaction on Wednesday, October 4th. The shares were purchased at an average cost of C$4.57 per share, with a total value of C$347,320.00. Over the last 90 days, insiders have purchased 214,300 shares of company stock worth $978,888.
A number of brokerages have recently issued reports on FVI. CIBC cut their price target on Fortuna Silver Mines from C$8.00 to C$7.50 in a report on Thursday, October 12th. Canaccord Genuity restated a “buy” rating and set a C$8.50 target price on shares of Fortuna Silver Mines in a research note on Thursday, September 7th. National Bank Financial dropped their target price on Fortuna Silver Mines from C$8.00 to C$7.75 and set an “outperform” rating on the stock in a research note on Wednesday, August 16th. Finally, Scotiabank dropped their target price on Fortuna Silver Mines to C$7.50 and set a “sector perform” rating on the stock in a research note on Friday, October 6th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$8.38.
About Fortuna Silver Mines
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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