Montrusco Bolton Investments Lowers stake in Fortuna Silver Mines Inc (FSM)

Fortuna Silver Mines Inc (FSM) : Montrusco Bolton Investments reduced its stake in Fortuna Silver Mines Inc by 1.58% during the most recent quarter end. The investment management company now holds a total of 12,119,144 shares of Fortuna Silver Mines Inc which is valued at $69,200,312 after selling 194,541 shares in Fortuna Silver Mines Inc , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Fortuna Silver Mines Inc makes up approximately 5.42% of Montrusco Bolton Investments’s portfolio.

Fortuna Silver Mines Inc closed down -0.14 points or -2.39% at $5.71 with 6,71,095 shares getting traded on Friday. Post opening the session at $5.85, the shares hit an intraday low of $5.6 and an intraday high of $5.97 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Simplex Trading reduced its stake in FSM by selling 1,197 shares or 18.79% in the most recent quarter. The Hedge Fund company now holds 5,174 shares of FSM which is valued at $25,508.Eqis Capital Management reduced its stake in FSM by selling 7,047 shares or 16.3% in the most recent quarter. The Hedge Fund company now holds 36,180 shares of FSM which is valued at $169,322. Fortuna Silver Mines Inc makes up approx 0.01% of Eqis Capital Management’s portfolio.Creative Planning reduced its stake in FSM by selling 2,425 shares or 10.64% in the most recent quarter. The Hedge Fund company now holds 20,375 shares of FSM which is valued at $95,355.

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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