Comerica Bank raised its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,886 shares of the mining company’s stock after purchasing an additional 897 shares during the period. Comerica Bank’s holdings in First Majestic Silver were worth $446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AG. Jupiter Asset Management Ltd. acquired a new stake in First Majestic Silver in the third quarter valued at approximately $40,404,000. Van ECK Associates Corp lifted its position in shares of First Majestic Silver by 8.6% in the third quarter. Van ECK Associates Corp now owns 21,716,411 shares of the mining company’s stock valued at $206,740,000 after acquiring an additional 1,716,269 shares in the last quarter. Sprott Inc. lifted its position in shares of First Majestic Silver by 444.2% in the third quarter. Sprott Inc. now owns 1,537,674 shares of the mining company’s stock valued at $19,207,000 after acquiring an additional 1,255,138 shares in the last quarter. Morgan Stanley lifted its position in shares of First Majestic Silver by 33.5% in the third quarter. Morgan Stanley now owns 1,356,503 shares of the mining company’s stock valued at $12,915,000 after acquiring an additional 340,640 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of First Majestic Silver in the third quarter valued at approximately $2,438,000. 28.99% of the stock is currently owned by institutional investors.

Shares of First Majestic Silver stock opened at $19.64 on Tuesday. First Majestic Silver Corp. has a one year low of $4.17 and a one year high of $24.01. The company has a market cap of $4.36 billion, a price-to-earnings ratio of -78.56 and a beta of 1.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.05 and a current ratio of 4.44. The business’s 50 day moving average price is $15.30 and its 200 day moving average price is $12.25.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Wednesday, February 17th. The mining company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.01. First Majestic Silver had a positive return on equity of 1.96% and a negative net margin of 14.98%. On average, analysts predict that First Majestic Silver Corp. will post 0.19 EPS for the current fiscal year.

Several research firms have recently weighed in on AG. HC Wainwright decreased their target price on First Majestic Silver from $16.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, January 21st. Zacks Investment Research downgraded First Majestic Silver from a “hold” rating to a “sell” rating in a research report on Monday, January 25th. National Bank Financial reiterated a “sector perform” rating on shares of First Majestic Silver in a research report on Tuesday, February 2nd. Finally, TD Securities downgraded First Majestic Silver from a “buy” rating to a “hold” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $10.25.

First Majestic Silver Company Profile

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. The company holds 100% interests in San Dimas Silver/Gold Mine comprises 119 concessions covering an area of 71,868 hectares located in Durango; the Santa Elena Silver/Gold Mine consists of 17 concessions covering an area of 57,656 hectares located in Sonora; and La Encantada Silver Mine comprises 22 concessions covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.

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

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