JPMorgan Chase & Co. Sells 209,039 Shares of Fortuna Silver Mines Inc. (NYSE:FSM)

JPMorgan Chase & Co. lessened its position in shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 13.3% in the third quarter, Holdings Channel.com reports. The firm owned 1,361,003 shares of the basic materials company’s stock after selling 209,039 shares during the period. JPMorgan Chase & Co.’s holdings in Fortuna Silver Mines were worth $6,301,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Choreo LLC acquired a new position in shares of Fortuna Silver Mines during the second quarter worth about $59,000. American Century Companies Inc. lifted its stake in Fortuna Silver Mines by 28.2% in the 2nd quarter. American Century Companies Inc. now owns 4,839,145 shares of the basic materials company’s stock valued at $23,664,000 after acquiring an additional 1,065,370 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Fortuna Silver Mines by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,107,298 shares of the basic materials company’s stock worth $29,865,000 after acquiring an additional 346,008 shares during the last quarter. Renaissance Technologies LLC boosted its position in Fortuna Silver Mines by 94.9% during the 2nd quarter. Renaissance Technologies LLC now owns 5,147,900 shares of the basic materials company’s stock worth $25,173,000 after acquiring an additional 2,507,249 shares during the last quarter. Finally, AE Wealth Management LLC acquired a new stake in shares of Fortuna Silver Mines in the second quarter valued at approximately $118,000. Institutional investors own 33.80% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank reduced their target price on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday.

Fortuna Silver Mines Price Performance

NYSE:FSM opened at $4.48 on Thursday. Fortuna Silver Mines Inc. has a 52-week low of $2.63 and a 52-week high of $6.36. The company has a market cap of $1.38 billion, a P/E ratio of 56.01 and a beta of 1.55. 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 stock’s 50-day simple moving average is $4.63 and its 200 day simple moving average is $4.73.

Fortuna Silver Mines Company Profile

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.