TD Waterhouse Canada Inc. Sells 446,582 Shares of First Majestic Silver Corp. $AG

TD Waterhouse Canada Inc. reduced its stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 94.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,706 shares of the mining company’s stock after selling 446,582 shares during the period. TD Waterhouse Canada Inc.’s holdings in First Majestic Silver were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AG. Bogart Wealth LLC purchased a new position in shares of First Majestic Silver during the 3rd quarter worth approximately $28,000. Sound Income Strategies LLC boosted its position in shares of First Majestic Silver by 29,900.0% during the third quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company’s stock valued at $37,000 after purchasing an additional 2,990 shares in the last quarter. CWM LLC grew its stake in First Majestic Silver by 57.2% in the second quarter. CWM LLC now owns 5,114 shares of the mining company’s stock worth $42,000 after purchasing an additional 1,860 shares during the period. AdvisorNet Financial Inc grew its stake in First Majestic Silver by 33.2% in the third quarter. AdvisorNet Financial Inc now owns 3,898 shares of the mining company’s stock worth $48,000 after purchasing an additional 971 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in First Majestic Silver by 7,831.6% in the third quarter. Global Retirement Partners LLC now owns 6,028 shares of the mining company’s stock worth $74,000 after purchasing an additional 5,952 shares in the last quarter. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

First Majestic Silver Price Performance

Shares of NYSE AG opened at $22.06 on Wednesday. The firm has a market cap of $10.84 billion, a P/E ratio of 157.55 and a beta of 0.85. First Majestic Silver Corp. has a twelve month low of $5.09 and a twelve month high of $27.90. The company has a quick ratio of 2.96, a current ratio of 3.38 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $18.46 and a 200 day moving average of $13.50.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its earnings results on Wednesday, November 5th. The mining company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). First Majestic Silver had a return on equity of 3.14% and a net margin of 7.07%.The business had revenue of $285.10 million during the quarter, compared to the consensus estimate of $429.78 million. During the same period in the previous year, the business posted ($0.09) EPS. The firm’s revenue for the quarter was up 95.3% on a year-over-year basis. As a group, research analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. HC Wainwright boosted their target price on shares of First Majestic Silver from $17.50 to $24.50 and gave the company a “buy” rating in a report on Friday, January 16th. BMO Capital Markets reissued a “market perform” rating on shares of First Majestic Silver in a research note on Friday, January 16th. Wall Street Zen cut shares of First Majestic Silver from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of First Majestic Silver in a report on Wednesday, January 21st. Finally, TD Securities raised First Majestic Silver from a “hold” rating to a “buy” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.17.

About First Majestic Silver

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.