Insider Buying: Fortuna Silver Mines Inc (FVI) Insider Buys C$51,900.00 in Stock

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

Shares of Fortuna Silver Mines Inc (TSE:FVI) traded up C$0.01 during midday trading on Friday, reaching C$5.26. The company had a trading volume of 177,618 shares, compared to its average volume of 520,642. 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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A number of brokerages have recently weighed in on FVI. National Bank Financial dropped their price target 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, November 10th. CIBC dropped their target price on Fortuna Silver Mines from C$8.00 to C$7.50 in a research report on Thursday, October 12th. Scotiabank dropped their target price on Fortuna Silver Mines to C$7.50 and set a “sector perform” rating on the stock in a research report on Friday, October 6th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a C$8.50 target price on shares of Fortuna Silver Mines in a research report on Thursday, September 7th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average 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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