Montrusco Bolton Investments Inc. Has $49.48 Million Holdings in Fortuna Silver Mines Inc. (FSM)

Montrusco Bolton Investments Inc. trimmed its stake in Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,334,581 shares of the basic materials company’s stock after selling 618,688 shares during the period. Fortuna Silver Mines comprises about 2.6% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 12th largest position. Montrusco Bolton Investments Inc. owned 7.12% of Fortuna Silver Mines worth $49,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in FSM. Great West Life Assurance Co. Can grew its holdings in shares of Fortuna Silver Mines by 2.0% during the first quarter. Great West Life Assurance Co. Can now owns 28,722 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 561 shares during the last quarter. Swiss National Bank grew its holdings in shares of Fortuna Silver Mines by 10.4% during the first quarter. Swiss National Bank now owns 265,600 shares of the basic materials company’s stock worth $1,382,000 after purchasing an additional 25,000 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Fortuna Silver Mines by 67.5% during the first quarter. UBS Asset Management Americas Inc. now owns 33,994 shares of the basic materials company’s stock worth $176,000 after purchasing an additional 13,700 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Fortuna Silver Mines by 43.1% during the first quarter. JPMorgan Chase & Co. now owns 46,788 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 14,086 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of Fortuna Silver Mines by 14.6% during the first quarter. UBS Group AG now owns 659,356 shares of the basic materials company’s stock worth $3,429,000 after purchasing an additional 84,125 shares during the last quarter. Hedge funds and other institutional investors own 44.65% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Montrusco Bolton Investments Inc. Has $49.48 Million Holdings in Fortuna Silver Mines Inc. (FSM)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://ledgergazette.com/2017/10/20/montrusco-bolton-investments-inc-has-49-48-million-holdings-in-fortuna-silver-mines-inc-fsm.html.

Several brokerages have recently commented on FSM. Canaccord Genuity began coverage on Fortuna Silver Mines in a report on Thursday, September 7th. They set a “buy” rating on the stock. Scotiabank decreased their target price on Fortuna Silver Mines from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Friday, October 6th. Zacks Investment Research upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub cut Fortuna Silver Mines from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $6.75.

Shares of Fortuna Silver Mines Inc. (NYSE FSM) traded down 0.46% during trading on Friday, hitting $4.36. The stock had a trading volume of 986,461 shares. Fortuna Silver Mines Inc. has a one year low of $4.11 and a one year high of $7.73. The stock has a 50 day moving average price of $4.68 and a 200-day moving average price of $4.73. The stock has a market capitalization of $694.21 million, a price-to-earnings ratio of 17.03 and a beta of 0.16.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings data on Monday, August 14th. The basic materials company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $63.90 million for the quart

A number of other large investors also recently made changes to their positions in FSM. Great West Life Assurance Co. Can grew its holdings in shares of Fortuna Silver Mines by 2.0% during the first quarter. Great West Life Assurance Co. Can now owns 28,722 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 561 shares during the last quarter. Swiss National Bank grew its holdings in shares of Fortuna Silver Mines by 10.4% during the first quarter. Swiss National Bank now owns 265,600 shares of the basic materials company’s stock worth $1,382,000 after purchasing an additional 25,000 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Fortuna Silver Mines by 67.5% during the first quarter. UBS Asset Management Americas Inc. now owns 33,994 shares of the basic materials company’s stock worth $176,000 after purchasing an additional 13,700 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Fortuna Silver Mines by 43.1% during the first quarter. JPMorgan Chase & Co. now owns 46,788 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 14,086 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of Fortuna Silver Mines by 14.6% during the first quarter. UBS Group AG now owns 659,356 shares of the basic materials company’s stock worth $3,429,000 after purchasing an additional 84,125 shares during the last quarter. Hedge funds and other institutional investors own 44.65% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Montrusco Bolton Investments Inc. Has $49.48 Million Holdings in Fortuna Silver Mines Inc. (FSM)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://ledgergazette.com/2017/10/20/montrusco-bolton-investments-inc-has-49-48-million-holdings-in-fortuna-silver-mines-inc-fsm.html.

Several brokerages have recently commented on FSM. Canaccord Genuity began coverage on Fortuna Silver Mines in a report on Thursday, September 7th. They set a “buy” rating on the stock. Scotiabank decreased their target price on Fortuna Silver Mines from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Friday, October 6th. Zacks Investment Research upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, BidaskClub cut Fortuna Silver Mines from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $6.75.

Shares of Fortuna Silver Mines Inc. (NYSE FSM) traded down 0.46% during trading on Friday, hitting $4.36. The stock had a trading volume of 986,461 shares. Fortuna Silver Mines Inc. has a one year low of $4.11 and a one year high of $7.73. The stock has a 50 day moving average price of $4.68 and a 200-day moving average price of $4.73. The stock has a market capitalization of $694.21 million, a price-to-earnings ratio of 17.03 and a beta of 0.16.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings data on Monday, August 14th. The basic materials company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $63.90 million for the quarter, compared to analyst estimates of $58.00 million. Fortuna Silver Mines had a return on equity of 9.08% and a net margin of 15.97%. Fortuna Silver Mines’s quarterly revenue was up 43.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.01) EPS. On average, equities research analysts predict that Fortuna Silver Mines Inc. will post $0.30 earnings per share for the current year.

Fortuna Silver Mines Profile

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.

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Institutional Ownership by Quarter for Fortuna Silver Mines (NYSE:FSM)

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