JPMorgan Chase & Co. Sells 643,904 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

JPMorgan Chase & Co. decreased its stake in shares of Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI by 47.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 717,099 shares of the basic materials company's stock after selling 643,904 shares during the period. JPMorgan Chase & Co. owned approximately 0.23% of Fortuna Silver Mines worth $3,076,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSM. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Fortuna Silver Mines in the 4th quarter valued at about $34,000. SeaCrest Wealth Management LLC bought a new stake in Fortuna Silver Mines during the fourth quarter worth approximately $45,000. Y Intercept Hong Kong Ltd acquired a new position in Fortuna Silver Mines in the fourth quarter worth approximately $67,000. Kingswood Wealth Advisors LLC bought a new position in shares of Fortuna Silver Mines in the fourth quarter valued at $68,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of Fortuna Silver Mines by 10.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 20,456 shares of the basic materials company's stock valued at $88,000 after acquiring an additional 2,000 shares during the last quarter. 33.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FSM shares. Scotiabank increased their price target on Fortuna Silver Mines from $6.00 to $7.00 and gave the company a "sector perform" rating in a research report on Monday, April 14th. Cibc World Mkts lowered shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a report on Tuesday, February 18th. CIBC cut shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. Finally, National Bank Financial upgraded Fortuna Silver Mines to a "hold" rating in a report on Friday, March 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.00.

Fortuna Silver Mines Stock Down 0.8 %

Shares of FSM stock traded down $0.05 during trading on Friday, hitting $6.08. 8,549,550 shares of the company were exchanged, compared to its average volume of 9,532,977. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 76.01 and a beta of 1.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The business's 50-day simple moving average is $5.56 and its 200 day simple moving average is $5.03. Fortuna Silver Mines Inc. has a twelve month low of $3.86 and a twelve month high of $6.78.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last announced its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. The firm had revenue of $302.20 million for the quarter, compared to analysts' expectations of $301.65 million. As a group, analysts forecast that Fortuna Silver Mines Inc. will post 0.51 EPS for the current fiscal year.

About Fortuna Silver Mines

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.