Fortuna Silver Mines (TSE:FVI) Reaches New 52-Week High – Here’s What Happened

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM)’s share price reached a new 52-week high on Monday . The stock traded as high as C$17.14 and last traded at C$17.00, with a volume of 344402 shares changing hands. The stock had previously closed at C$15.97.

Analyst Ratings Changes

Several equities research analysts recently commented on FVI shares. National Bankshares raised shares of Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$14.25 to C$15.00 in a research report on Tuesday, November 25th. BMO Capital Markets boosted their price target on Fortuna Silver Mines from C$15.00 to C$17.00 in a report on Friday, January 16th. Canaccord Genuity Group upped their price objective on Fortuna Silver Mines from C$10.50 to C$15.00 in a research report on Thursday, October 2nd. Finally, Scotiabank raised Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Fortuna Silver Mines presently has a consensus rating of “Hold” and a consensus target price of C$13.50.

Fortuna Silver Mines Stock Performance

The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.15 and a current ratio of 1.94. The company has a market capitalization of C$4.80 billion, a P/E ratio of 21.26 and a beta of 1.72. The stock’s fifty day moving average price is C$13.61 and its 200-day moving average price is C$11.80.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly earnings results on Wednesday, November 5th. The company reported C$0.17 earnings per share for the quarter. Fortuna Silver Mines had a return on equity of 1.91% and a net margin of 2.45%.The business had revenue of C$350.00 million for the quarter. As a group, research analysts anticipate that Fortuna Silver Mines Inc. will post 0.7856273 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Luis Dario Ganoza Durant sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of C$13.75, for a total transaction of C$343,750.00. Following the sale, the insider owned 381,412 shares of the company’s stock, valued at C$5,244,415. This trade represents a 6.15% decrease in their position. Insiders sold a total of 50,000 shares of company stock worth $687,360 over the last three months. 0.83% of the stock is currently owned by insiders.

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.