The Chief Financial Officer of Fortuna Silver Mines (NYSE: FSM) is Buying Shares

By Carrie Williams

Today, the Chief Financial Officer of Fortuna Silver Mines (FSMResearch Report), Luis Dario Ganoza Durant, bought shares of FSM for $245.3K.

This is Durant’s first Buy trade following 11 Sell transactions. Following this transaction Luis Dario Ganoza Durant’s holding in the company was increased by 6% to a total of $3.47 million.

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Based on Fortuna Silver Mines’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $104 million and quarterly net profit of $18.62 million. In comparison, last year the company earned revenue of $68.98 million and had a net profit of $18.98 million. The company has a one-year high of $9.85 and a one-year low of $2.86. Currently, Fortuna Silver Mines has an average volume of 468.28K.

Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $8.15, reflecting a -26.1% downside.

Luis Dario Ganoza Durant’s trades have generated a 3.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Fortuna Silver Mines, Inc. engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Bateas, Cuzcatlan, Mansfield, and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine. The Cuzcatlan segment handles the San Jose silver-gold mine. The Mansfield segment is the development of the Lindero Gold project. The Corporate segment represents the corporate stewardship. The company was founded by Jorge A. Ganoza Durant, Simon T. P. Ridgway and Mario David Szotlender on September 4, 1990 and is headquartered in Vancouver, Canada.