Fiscal Wisdom Wealth Management LLC Invests $1.02 Million in First Majestic Silver Corp. $AG

Fiscal Wisdom Wealth Management LLC acquired a new position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 80,500 shares of the mining company’s stock, valued at approximately $1,019,000. First Majestic Silver makes up about 1.0% of Fiscal Wisdom Wealth Management LLC’s holdings, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bogart Wealth LLC purchased a new position in shares of First Majestic Silver during the 3rd quarter worth $28,000. Sound Income Strategies LLC increased its stake in shares of First Majestic Silver by 29,900.0% during the 3rd quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company’s stock valued at $37,000 after acquiring an additional 2,990 shares during the last quarter. CWM LLC lifted its holdings in shares of First Majestic Silver by 57.2% during the 2nd quarter. CWM LLC now owns 5,114 shares of the mining company’s stock worth $42,000 after acquiring an additional 1,860 shares during the period. AdvisorNet Financial Inc boosted its position in shares of 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 acquiring an additional 971 shares during the last quarter. Finally, Global Retirement Partners LLC grew 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 valued at $74,000 after purchasing an additional 5,952 shares during the period. Hedge funds and other institutional investors own 27.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AG. Cormark raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 6th. HC Wainwright upped their price objective on shares of First Majestic Silver from $17.50 to $24.50 and gave the company a “buy” rating in a research report on Friday, January 16th. Scotiabank upped their target price on First Majestic Silver from $12.50 to $23.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. BMO Capital Markets restated a “market perform” rating on shares of First Majestic Silver in a research note on Friday, January 16th. Finally, Wall Street Zen cut shares of First Majestic Silver from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, First Majestic Silver presently has an average rating of “Moderate Buy” and an average price target of $23.17.

First Majestic Silver Price Performance

AG opened at $22.64 on Thursday. 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’s 50-day moving average price is $20.12 and its 200 day moving average price is $14.55. First Majestic Silver Corp. has a fifty-two week low of $5.09 and a fifty-two week high of $27.90. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 161.74 and a beta of 0.85.

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.