Shell Asset Management Co. continued to hold its stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 15,583 shares of the mining company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in First Majestic Silver Corp. were worth $168,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of First Majestic Silver Corp. during the first quarter worth about $102,000. Geneva Advisors LLC boosted its position in First Majestic Silver Corp. by 4.1% in the first quarter. Geneva Advisors LLC now owns 12,800 shares of the mining company’s stock worth $104,000 after buying an additional 500 shares during the last quarter. Cobblestone Capital Advisors LLC NY bought a new position in First Majestic Silver Corp. during the first quarter worth approximately $134,000. ING Groep NV bought a new position in First Majestic Silver Corp. during the second quarter worth approximately $137,000. Finally, Exane Derivatives boosted its position in First Majestic Silver Corp. by 1,716,700.0% in the first quarter. Exane Derivatives now owns 17,168 shares of the mining company’s stock worth $139,000 after buying an additional 17,167 shares during the last quarter. 26.81% of the stock is owned by institutional investors and hedge funds.

Shares of First Majestic Silver Corp. (AG) opened at 6.55 on Friday. First Majestic Silver Corp. has a 52-week low of $5.92 and a 52-week high of $15.74. The company’s 50-day moving average price is $7.42 and its 200-day moving average price is $8.32. The stock has a market cap of $1.08 billion, a PE ratio of 83.97 and a beta of 0.30.

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) last announced 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 net margin of 5.11% and a return on equity of 1.60%. The company had revenue of $60.10 million for the quarter, compared to analysts’ expectations of $77.62 million. During the same period in the prior year, the company earned $0.03 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts expect that First Majestic Silver Corp. will post $0.02 earnings per share for the current year.

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A number of research firms have commented on AG. 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. BidaskClub cut shares of First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 target price on shares of First Majestic Silver Corp. in a report on Friday, August 4th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of First Majestic Silver Corp. in a report on Friday, May 5th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $13.00 target price on shares of First Majestic Silver Corp. in a report on Friday, April 21st. 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 company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.67.

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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