Great West Life Assurance Co. Can trimmed its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 0.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,835 shares of the mining company’s stock after selling 59 shares during the period. Great West Life Assurance Co. Can’s holdings in First Majestic Silver Corp. were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Morgan Stanley boosted its position in First Majestic Silver Corp. by 68.3% during the first quarter. Morgan Stanley now owns 944,449 shares of the mining company’s stock worth $7,668,000 after purchasing an additional 383,398 shares during the period. Van ECK Associates Corp boosted its position in shares of First Majestic Silver Corp. by 16.9% in the first quarter. Van ECK Associates Corp now owns 11,456,117 shares of the mining company’s stock valued at $93,024,000 after acquiring an additional 1,653,907 shares during the period. Wells Fargo & Company MN boosted its position in shares of First Majestic Silver Corp. by 291.3% in the first quarter. Wells Fargo & Company MN now owns 164,781 shares of the mining company’s stock valued at $1,338,000 after acquiring an additional 122,675 shares during the period. Credit Suisse AG boosted its position in shares of First Majestic Silver Corp. by 20.9% in the first quarter. Credit Suisse AG now owns 330,191 shares of the mining company’s stock valued at $2,681,000 after acquiring an additional 57,011 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of First Majestic Silver Corp. by 24.0% in the first quarter. Stifel Financial Corp now owns 27,526 shares of the mining company’s stock valued at $222,000 after acquiring an additional 5,336 shares during the period. Institutional investors and hedge funds own 29.46% of the company’s stock.

A number of equities research analysts have recently issued reports on AG shares. HC Wainwright reissued a “buy” rating and issued a $14.00 target price on shares of First Majestic Silver Corp. in a research report on Friday, August 4th. Zacks Investment Research cut shares of First Majestic Silver Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Finally, BidaskClub cut shares of First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. First Majestic Silver Corp. has a consensus rating of “Hold” and an average target price of $12.67.

First Majestic Silver Corp. (NYSE:AG) opened at 7.26 on Wednesday. The firm has a market cap of $1.20 billion, a P/E ratio of 93.08 and a beta of 0.28. First Majestic Silver Corp. has a 1-year low of $5.92 and a 1-year high of $13.12. The company has a 50-day moving average price of $7.00 and a 200-day moving average price of $7.92.

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) last issued its earnings results on Thursday, August 3rd. The mining company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). First Majestic Silver Corp. had a return on equity of 1.60% and a net margin of 5.11%. The company had revenue of $60.10 million during the quarter, compared to the consensus estimate of $77.62 million. During the same quarter in the prior year, the business earned $0.03 EPS. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year.

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First Majestic Silver Corp. Company Profile

First Majestic Silver Corp. is a mining company. The Company is focused on silver production in Mexico and it is pursuing the development of its existing mineral property assets. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.

Institutional Ownership by Quarter for First Majestic Silver Corp. (NYSE:AG)

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