Insider Buying: Fortuna Silver Mines Inc (FVI) Insider Acquires 10,000 Shares of Stock

Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) insider Eric Chapman purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average cost of C$5.19 per share, for a total transaction of C$51,900.00.

Fortuna Silver Mines Inc (TSE FVI) traded up C$0.13 during midday trading on Tuesday, hitting C$5.30. The stock had a trading volume of 293,833 shares, compared to its average volume of 525,026. Fortuna Silver Mines Inc has a 52 week low of C$5.13 and a 52 week high of C$9.18.

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Several equities analysts have weighed in on the company. Scotiabank cut 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. National Bank Financial cut their target price on Fortuna Silver Mines from C$8.00 to C$7.50 and set an “outperform” rating on the stock in a research note on Friday. CIBC cut their target price on Fortuna Silver Mines from C$8.00 to C$7.50 in a research note on Thursday, October 12th. Finally, Canaccord Genuity reissued a “buy” rating and issued a C$8.50 target price on shares of Fortuna Silver Mines in a research note on Thursday, September 7th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$8.33.

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.

Insider Buying and Selling by Quarter for Fortuna Silver Mines (TSE:FVI)

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