TD Asset Management Inc. increased its position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 1,365,322 shares of the mining company’s stock after buying an additional 14,152 shares during the period. TD Asset Management Inc.’s holdings in First Majestic Silver Corp. were worth $11,312,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in AG. Independence Advisors LLC bought a new position in shares of First Majestic Silver Corp. during the second quarter worth approximately $1,401,000. Sei Investments Co. boosted its position in shares of First Majestic Silver Corp. by 1,046.9% in the second quarter. Sei Investments Co. now owns 12,157 shares of the mining company’s stock worth $101,000 after buying an additional 11,097 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in shares of First Majestic Silver Corp. during the first quarter worth approximately $102,000. Geneva Advisors LLC boosted its position in shares of 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. Finally, Cobblestone Capital Advisors LLC NY bought a new position in shares of First Majestic Silver Corp. during the first quarter worth approximately $134,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Shares of First Majestic Silver Corp. (NYSE AG) opened at 6.28 on Tuesday. First Majestic Silver Corp. has a 52 week low of $5.92 and a 52 week high of $17.75. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 80.51 and a beta of 0.30. The company’s 50 day moving average price is $7.59 and its 200-day moving average price is $8.36.

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Thursday, August 3rd. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.07. The company 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% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. Analysts anticipate that First Majestic Silver Corp. will post $0.02 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on the company. BidaskClub cut First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Zacks Investment Research cut First Majestic Silver Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of First Majestic Silver Corp. in a report on Friday, August 4th. Scotiabank reiterated 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. Finally, National Bank Financial reiterated an “outperform market weight” rating on shares of First Majestic Silver Corp. in a report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $14.50.

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.

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

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