TD Asset Management Inc. cut its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 9.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 759,722 shares of the mining company’s stock after selling 79,700 shares during the period. TD Asset Management Inc. owned about 0.38% of First Majestic Silver worth $6,011,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in First Majestic Silver in the fourth quarter valued at $2,346,000. Deutsche Bank AG grew its holdings in shares of First Majestic Silver by 3,672.1% during the fourth quarter. Deutsche Bank AG now owns 980,638 shares of the mining company’s stock worth $5,775,000 after purchasing an additional 954,641 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of First Majestic Silver by 64.8% during the first quarter. Toronto Dominion Bank now owns 146,122 shares of the mining company’s stock worth $963,000 after purchasing an additional 57,451 shares during the last quarter. Sigma Planning Corp grew its holdings in shares of First Majestic Silver by 371.8% during the first quarter. Sigma Planning Corp now owns 164,460 shares of the mining company’s stock worth $1,082,000 after purchasing an additional 129,605 shares during the last quarter. Finally, Trexquant Investment LP grew its holdings in shares of First Majestic Silver by 119.1% during the first quarter. Trexquant Investment LP now owns 170,094 shares of the mining company’s stock worth $1,119,000 after purchasing an additional 92,469 shares during the last quarter. Institutional investors own 25.75% of the company’s stock.

NYSE AG opened at $10.56 on Wednesday. The company has a quick ratio of 2.66, a current ratio of 3.13 and a debt-to-equity ratio of 0.24. First Majestic Silver Corp. has a 52-week low of $4.59 and a 52-week high of $11.11. The business’s 50-day moving average price is $9.42 and its 200 day moving average price is $7.15. The firm has a market cap of $2.00 billion, a P/E ratio of -49.90 and a beta of 0.11.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings results on Wednesday, August 7th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). First Majestic Silver had a negative return on equity of 3.57% and a negative net margin of 50.33%. The company had revenue of $83.67 million for the quarter, compared to analysts’ expectations of $87.77 million. During the same period in the prior year, the business earned ($0.07) EPS.

Several equities analysts have issued reports on AG shares. TheStreet raised First Majestic Silver from a “d+” rating to a “c-” rating in a report on Thursday, July 18th. Zacks Investment Research lowered First Majestic Silver from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. ValuEngine raised First Majestic Silver from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 17th. B. Riley set a $6.00 price objective on First Majestic Silver and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, HC Wainwright raised their price objective on First Majestic Silver from $8.00 to $11.50 and gave the stock a “buy” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $8.56.

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. It owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine covering an area of 101,837 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco; and La Guitarra Silver Mine that consists of 39,714 hectares situated in México State.

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

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