JPMorgan Chase & Co. reduced its holdings in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 13.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,361,003 shares of the basic materials company's stock after selling 209,039 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.44% of Fortuna Silver Mines worth $6,301,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FSM. Financial Management Professionals Inc. bought a new stake in Fortuna Silver Mines in the third quarter valued at approximately $29,000. Private Advisor Group LLC bought a new position in Fortuna Silver Mines during the 3rd quarter worth $50,000. Choreo LLC acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth $59,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Fortuna Silver Mines in the second quarter worth $92,000. Finally, AE Wealth Management LLC acquired a new position in Fortuna Silver Mines in the second quarter valued at about $118,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.
Fortuna Silver Mines Price Performance
Shares of FSM traded down $0.18 during midday trading on Thursday, hitting $4.30. The company's stock had a trading volume of 9,974,792 shares, compared to its average volume of 10,246,318. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines Inc. has a one year low of $2.63 and a one year high of $6.36. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 53.69 and a beta of 1.55. The company's fifty day simple moving average is $4.63 and its two-hundred day simple moving average is $4.73.
Wall Street Analyst Weigh In
Separately, Scotiabank decreased their target price on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a "sector perform" rating on the stock in a report on Wednesday.
View Our Latest Analysis on FSM
About Fortuna Silver Mines
(
Free Report)
Fortuna Mining Corp. 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.
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