Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 18.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,656 shares of the mining company’s stock after selling 2,220 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in First Majestic Silver were worth $64,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AG. IHT Wealth Management LLC bought a new position in First Majestic Silver during the 4th quarter valued at about $70,000. Cambridge Investment Research Advisors Inc. bought a new position in First Majestic Silver during the 4th quarter valued at about $109,000. Legal & General Group Plc lifted its holdings in First Majestic Silver by 226.0% during the 3rd quarter. Legal & General Group Plc now owns 46,600 shares of the mining company’s stock valued at $264,000 after purchasing an additional 32,305 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in First Majestic Silver by 12.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 45,059 shares of the mining company’s stock valued at $265,000 after purchasing an additional 5,038 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in First Majestic Silver during the 4th quarter valued at about $287,000. Institutional investors and hedge funds own 26.13% of the company’s stock.

Shares of NYSE AG traded down $0.01 during trading on Wednesday, reaching $5.54. The company had a trading volume of 57,942 shares, compared to its average volume of 2,363,271. First Majestic Silver Corp. has a 52 week low of $4.59 and a 52 week high of $8.48. The company has a market cap of $1.12 billion, a PE ratio of -26.71 and a beta of -0.17. The company has a current ratio of 3.24, a quick ratio of 2.78 and a debt-to-equity ratio of 0.24.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Thursday, May 9th. The mining company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The business had revenue of $86.80 million during the quarter, compared to the consensus estimate of $124.73 million. First Majestic Silver had a negative net margin of 59.46% and a negative return on equity of 4.63%. First Majestic Silver’s revenue for the quarter was up 48.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) earnings per share. As a group, equities research analysts forecast that First Majestic Silver Corp. will post 0.01 earnings per share for the current year.

A number of brokerages have weighed in on AG. ValuEngine downgraded shares of First Majestic Silver from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 3rd. Zacks Investment Research raised shares of First Majestic Silver from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research note on Tuesday, March 19th. BMO Capital Markets reaffirmed a “hold” rating on shares of First Majestic Silver in a research note on Tuesday, April 2nd. B. Riley began coverage on shares of First Majestic Silver in a research note on Friday, March 1st. They issued a “neutral” rating and a $6.00 target price for the company. Finally, HC Wainwright set a $8.00 target price on shares of First Majestic Silver and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. First Majestic Silver currently has a consensus rating of “Hold” and an average target price of $7.60.

In other First Majestic Silver news, major shareholder Vinita Lee Piper purchased 22,055 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average cost of $5.93 per share, with a total value of $130,786.15. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.85% of the company’s stock.

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First Majestic Silver Profile

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine covering an area of 101,837 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco; and La Guitarra Silver Mine that consists of 39,714 hectares situated in México State.

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

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