Legal & General Group Plc raised its position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 123.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,163 shares of the mining company’s stock after buying an additional 15,000 shares during the period. Legal & General Group Plc’s holdings in First Majestic Silver Corp. were worth $220,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Geneva Advisors LLC raised its stake 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 period. Cobblestone Capital Advisors LLC NY acquired a new stake in First Majestic Silver Corp. during the first quarter worth about $134,000. Exane Derivatives raised its stake 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 period. Sigma Planning Corp raised its stake in First Majestic Silver Corp. by 47.6% in the first quarter. Sigma Planning Corp now owns 17,176 shares of the mining company’s stock worth $139,000 after buying an additional 5,541 shares during the period. Finally, Stifel Financial Corp raised its stake in 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 worth $222,000 after buying an additional 5,336 shares during the period. Institutional investors own 26.49% of the company’s stock.

Shares of First Majestic Silver Corp. (NYSE:AG) traded down 3.635% during midday trading on Friday, hitting $6.495. 1,833,026 shares of the stock were exchanged. First Majestic Silver Corp. has a 12-month low of $5.92 and a 12-month high of $18.80. The firm has a 50 day moving average of $7.70 and a 200 day moving average of $8.42. The firm has a market cap of $1.08 billion, a P/E ratio of 83.269 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) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.07. The firm had revenue of $60.10 million during the quarter, compared to analysts’ expectations of $77.62 million. First Majestic Silver Corp. had a net margin of 5.11% and a return on equity of 1.60%. First Majestic Silver Corp.’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share. Equities analysts forecast that First Majestic Silver Corp. will post $0.02 EPS for the current fiscal year.

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A number of equities research analysts have issued reports on AG shares. HC Wainwright reiterated a “buy” rating and set a $14.00 target price on shares of First Majestic Silver Corp. in a report on Friday, August 4th. Zacks Investment Research upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. National Bank Financial reiterated an “outperform market weight” rating on shares of First Majestic Silver Corp. in a report on Friday, May 5th. Finally, Scotiabank reiterated a “sector perform” rating and set a $13.00 target price on shares of First Majestic Silver Corp. in a report on Friday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $16.20.

About First Majestic Silver Corp.

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.

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

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