Insider Selling: Fortuna Silver Mines Inc. (TSE:FVI) Senior Officer Sells C$200,250.00 in Stock

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) Senior Officer Eric Chapman sold 25,000 shares of Fortuna Silver Mines stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$8.01, for a total value of C$200,250.00.

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

• On Friday, May 17th, Eric Chapman sold 12,195 shares of Fortuna Silver Mines stock. The shares were sold at an average price of C$7.74, for a total transaction of C$94,389.30.
• On Monday, April 8th, Eric Chapman sold 48,900 shares of Fortuna Silver Mines stock. The shares were sold at an average price of C$6.41, for a total value of C$313,375.65.

Fortuna Silver Mines Price Performance

Shares of FVI stock opened at C$8.31 on Friday. The stock has a 50 day moving average price of C$6.30 and a 200 day moving average price of C$5.17. The firm has a market capitalization of C$2.54 billion, a P/E ratio of -51.94 and a beta of 1.60. The company has a debt-to-equity ratio of 16.86, a quick ratio of 1.15 and a current ratio of 1.27. Fortuna Silver Mines Inc. has a 52-week low of C$3.56 and a 52-week high of C$8.39.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last issued its earnings results on Wednesday, March 6th. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). The firm had revenue of C$361.23 million for the quarter. Fortuna Silver Mines had a negative net margin of 3.98% and a negative return on equity of 2.02%. As a group, sell-side analysts predict that Fortuna Silver Mines Inc. will post 0.2874728 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FVI. CIBC upped their target price on shares of Fortuna Silver Mines from C$8.00 to C$9.25 and gave the stock a “neutral” rating in a research report on Wednesday. Canaccord Genuity Group upped their price target on shares of Fortuna Silver Mines from C$6.00 to C$7.50 in a research note on Tuesday, April 23rd. BMO Capital Markets lifted their price objective on shares of Fortuna Silver Mines from C$6.50 to C$8.00 in a research note on Thursday, May 9th. Finally, National Bankshares lifted their target price on Fortuna Silver Mines from C$7.75 to C$9.00 and gave the stock a “sector perform” rating in a report on Friday, May 17th.

About Fortuna Silver Mines

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.