Clean Yield Group lifted its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 12.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,800 shares of the mining company’s stock after purchasing an additional 1,800 shares during the quarter. Clean Yield Group’s holdings in First Majestic Silver were worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AG. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in shares of First Majestic Silver in the second quarter worth $40,217,000. Sentry Investment Management LLC bought a new stake in shares of First Majestic Silver in the second quarter worth $4,214,000. Thrivent Financial for Lutherans bought a new stake in shares of First Majestic Silver in the first quarter worth $2,084,000. JPMorgan Chase & Co. grew its holdings in shares of First Majestic Silver by 3,120.4% in the first quarter. JPMorgan Chase & Co. now owns 257,891 shares of the mining company’s stock worth $1,597,000 after acquiring an additional 249,883 shares during the period. Finally, Man Group plc grew its holdings in shares of First Majestic Silver by 155.8% in the second quarter. Man Group plc now owns 350,083 shares of the mining company’s stock worth $3,483,000 after acquiring an additional 213,248 shares during the period. 31.09% of the stock is owned by institutional investors.

AG has been the subject of several research analyst reports. TD Securities lowered First Majestic Silver from a “buy” rating to a “hold” rating in a report on Friday, July 24th. BMO Capital Markets lifted their price objective on First Majestic Silver from $12.50 to $15.00 and gave the stock a “market perform” rating in a report on Monday, August 10th. HC Wainwright cut their price objective on First Majestic Silver from $16.50 to $16.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Zacks Investment Research lowered First Majestic Silver from a “hold” rating to a “sell” rating in a report on Tuesday, September 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. First Majestic Silver has an average rating of “Hold” and a consensus price target of $10.35.

NYSE:AG traded down $0.20 during mid-day trading on Friday, hitting $10.51. 3,497,362 shares of the company traded hands, compared to its average volume of 6,104,132. The stock’s fifty day moving average price is $10.94 and its 200-day moving average price is $9.99. First Majestic Silver Corp. has a one year low of $4.17 and a one year high of $14.57. The company has a quick ratio of 1.90, a current ratio of 2.45 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of -30.03 and a beta of 1.30.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings results on Thursday, August 6th. The mining company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.08). First Majestic Silver had a negative net margin of 23.48% and a negative return on equity of 0.05%. The company had revenue of $34.90 million for the quarter, compared to the consensus estimate of $55.22 million. Equities analysts predict that First Majestic Silver Corp. will post 0.06 EPS for the current year.

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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