Fortuna Silver Mines Inc (TSE:FVI) Senior Officer Eric Chapman Sells 6,000 Shares

Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) Senior Officer Eric Chapman sold 6,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of C$9.64, for a total transaction of C$57,840.00. Following the completion of the transaction, the insider now directly owns 151,540 shares in the company, valued at C$1,460,845.60.

Eric Chapman also recently made the following trade(s):

  • On Tuesday, June 23rd, Eric Chapman sold 15,000 shares of Fortuna Silver Mines stock. The stock was sold at an average price of C$6.55, for a total transaction of C$98,250.00.

Shares of TSE FVI traded up C$0.03 during mid-day trading on Wednesday, reaching C$10.01. 135,758 shares of the company’s stock were exchanged, compared to its average volume of 1,008,958. The firm has a 50-day moving average price of C$8.91 and a two-hundred day moving average price of C$6.04. The company has a debt-to-equity ratio of 22.40, a current ratio of 1.97 and a quick ratio of 1.66. The firm has a market capitalization of $1.84 billion and a price-to-earnings ratio of 9,980.00. Fortuna Silver Mines Inc has a 52 week low of C$2.05 and a 52 week high of C$10.15.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its earnings results on Thursday, August 13th. The company reported C($0.04) earnings per share for the quarter, meeting the Zacks’ consensus estimate of C($0.04). The company had revenue of C$61.68 million for the quarter. As a group, sell-side analysts forecast that Fortuna Silver Mines Inc will post 0.8636831 EPS for the current fiscal year.

A number of equities analysts have issued reports on FVI shares. BMO Capital Markets lifted their price target on Fortuna Silver Mines from C$8.25 to C$11.25 in a research note on Monday, August 17th. Canaccord Genuity lifted their target price on Fortuna Silver Mines from C$7.00 to C$8.50 in a research report on Tuesday, July 21st. CIBC increased their price target on Fortuna Silver Mines from C$9.00 to C$10.00 in a research report on Monday, August 17th. Pi Financial raised shares of Fortuna Silver Mines from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from C$8.60 to C$10.00 in a report on Friday, August 28th. Finally, National Bank Financial upped their target price on shares of Fortuna Silver Mines from C$10.50 to C$11.00 in a research note on Friday, September 11th.

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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