Swiss National Bank raised its stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 275,600 shares of the mining company’s stock after purchasing an additional 6,000 shares during the quarter. Swiss National Bank owned 0.17% of First Majestic Silver Corp. worth $2,287,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AG. Independence Advisors LLC purchased a new stake in shares of First Majestic Silver Corp. in the second quarter valued at about $1,401,000. Sei Investments Co. increased its stake in shares of First Majestic Silver Corp. by 1,046.9% during the second quarter. Sei Investments Co. now owns 12,157 shares of the mining company’s stock worth $101,000 after acquiring an additional 11,097 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of First Majestic Silver Corp. during the first quarter worth about $102,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of First Majestic Silver Corp. by 18.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,536 shares of the mining company’s stock worth $129,000 after acquiring an additional 2,408 shares during the period. Finally, ING Groep NV acquired a new position in shares of First Majestic Silver Corp. during the second quarter worth about $137,000. Institutional investors own 29.35% of the company’s stock.

First Majestic Silver Corp. (AG) opened at 6.83 on Wednesday. The firm has a market capitalization of $1.13 billion, a PE ratio of 87.56 and a beta of 0.21. First Majestic Silver Corp. has a 1-year low of $5.92 and a 1-year high of $11.86. The stock’s 50 day moving average is $6.89 and its 200-day moving average is $7.79.

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) last issued its quarterly earnings data on Thursday, August 3rd. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $60.10 million for the quarter, compared to analyst estimates of $77.62 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis.

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