Shares of Fortuna Silver Mines Inc. (TSE:FVI – Get Free Report) (NYSE:FSM) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$6.79 and last traded at C$6.77, with a volume of 774296 shares. The stock had previously closed at C$6.64.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on FVI. Canaccord Genuity Group raised their price objective on Fortuna Silver Mines from C$6.00 to C$7.50 in a research report on Tuesday, April 23rd. CIBC upped their price objective on Fortuna Silver Mines from C$7.00 to C$8.00 in a report on Monday, April 15th. BMO Capital Markets cut their target price on shares of Fortuna Silver Mines from C$7.00 to C$6.50 in a report on Friday, March 8th. Finally, National Bankshares decreased their price target on shares of Fortuna Silver Mines from C$7.75 to C$7.50 in a research note on Friday, April 19th.
Get Our Latest Report on Fortuna Silver Mines
Fortuna Silver Mines Price Performance
Fortuna Silver Mines (TSE:FVI – Get Free Report) (NYSE:FSM) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.01). Fortuna Silver Mines had a negative return on equity of 3.39% and a negative net margin of 6.03%. The firm had revenue of C$361.23 million during the quarter. As a group, research analysts anticipate that Fortuna Silver Mines Inc. will post 0.1371267 EPS for the current fiscal year.
Insider Activity
In other Fortuna Silver Mines news, Senior Officer Eric Chapman sold 48,900 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$6.41, for a total value of C$313,375.65. In other Fortuna Silver Mines news, Senior Officer David Whittle sold 5,421 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of C$4.91, for a total transaction of C$26,617.11. Also, Senior Officer Eric Chapman sold 48,900 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$6.41, for a total transaction of C$313,375.65. Insiders own 0.77% of the company’s stock.
Fortuna Silver Mines Company Profile
Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.
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