Central Square Management Lowers stake in Fortuna Silver Mines Inc (FSM)

Fortuna Silver Mines Inc (FSM) : Central Square Management reduced its stake in Fortuna Silver Mines Inc by 32.99% during the most recent quarter end. The investment management company now holds a total of 671,589 shares of Fortuna Silver Mines Inc which is valued at $4.2 Million after selling 330,660 shares in Fortuna Silver Mines Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Fortuna Silver Mines Inc makes up approximately 7.93% of Central Square Management’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in FSM in the latest quarter, The investment management firm added 17,173 additional shares and now holds a total of 41,354 shares of Fortuna Silver Mines Inc which is valued at $259,703. Mackenzie Financial Corp sold out all of its stake in FSM during the most recent quarter. The investment firm sold 1,235,300 shares of FSM which is valued $7.8 Million. Gabelli Funds added FSM to its portfolio by purchasing 250,000 company shares during the most recent quarter which is valued at $1.6 Million. Fortuna Silver Mines Inc makes up approx 0.01% of Gabelli Funds’s portfolio.

Fortuna Silver Mines Inc opened for trading at $5.45 and hit $5.85 on the upside on Wednesday, eventually ending the session at $5.81, with a gain of 5.83% or 0.32 points. The heightened volatility saw the trading volume jump to 8,80,195 shares. Company has a market cap of $751 M.

Many Wall Street Analysts have commented on Fortuna Silver Mines Inc. Fortuna Silver Mines Inc was Downgraded by Raymond James to ” Outperform” on Mar 14, 2016.

Fortuna Silver Mines Inc. (Fortuna) is a Canada-based mining company which is engaged in silver mining and related activities in Latin America including exploration extraction and processing. The Company is engaged in the mining and processing of silver-lead zinc and silver-gold products and the sale of these products. The Company operates the Caylloma mine and the San Jose mine. Caylloma is an underground silver lead and zinc mine located in southern Peru in the Arequipa Department. San Jose is an underground silver-gold mine located in southern Mexico in the State of Oaxaca. The Company operates in Canada Peru and Mexico. The Company’s subsidiaries include Minera Bateas S.A.C. Fortuna Silver Mines Peru S.A.C. Compania Minera Cuzcatlan SA Fortuna Silver Mexico S.A. de CV. Fortuna Silver (Barbados) Inc. and Continuum Resources Ltd.

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