First Majestic Silver Corp. (AG) Shares Sold by Timber Hill LLC

Timber Hill LLC lessened its stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 46.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,641 shares of the mining company’s stock after selling 14,453 shares during the quarter. Timber Hill LLC’s holdings in First Majestic Silver Corp. were worth $138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AG. Independence Advisors LLC acquired a new position in First Majestic Silver Corp. in the 2nd quarter worth approximately $1,401,000. Sei Investments Co. boosted its stake in First Majestic Silver Corp. by 1,046.9% in the 2nd quarter. Sei Investments Co. now owns 12,157 shares of the mining company’s stock worth $101,000 after purchasing an additional 11,097 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in First Majestic Silver Corp. in the 1st quarter worth approximately $102,000. Geneva Advisors LLC boosted its stake in First Majestic Silver Corp. by 4.1% in the 1st quarter. Geneva Advisors LLC now owns 12,800 shares of the mining company’s stock worth $104,000 after purchasing an additional 500 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in First Majestic Silver Corp. by 18.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,536 shares of the mining company’s stock worth $129,000 after purchasing an additional 2,408 shares during the period. Institutional investors and hedge funds own 29.35% of the company’s stock.

First Majestic Silver Corp. (NYSE:AG) opened at 6.86 on Thursday. The company has a market cap of $1.14 billion, a P/E ratio of 87.95 and a beta of 0.28. The stock’s 50 day moving average is $6.83 and its 200-day moving average is $7.84. First Majestic Silver Corp. has a 12-month low of $5.92 and a 12-month high of $13.11.

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) last announced its quarterly earnings results on Thursday, August 3rd. The mining company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.07). First Majestic Silver Corp. had a net margin of 5.11% and a return on equity of 1.60%. The company had revenue of $60.10 million for the quarter, compared to the consensus estimate of $77.62 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was down 9.1% on a year-over-year basis.

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A number of equities analysts recently commented on the stock. BidaskClub lowered shares of First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of First Majestic Silver Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Finally, HC Wainwright reissued a “buy” rating and set a $14.00 target price on shares of First Majestic Silver Corp. in a research note on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. First Majestic Silver Corp. has a consensus rating of “Hold” and a consensus target price of $12.67.

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.

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

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