First Majestic Silver Corp. (NYSE:AG) Shares Acquired by Realta Investment Advisors

Realta Investment Advisors grew its holdings in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 497,726 shares of the mining company's stock after purchasing an additional 71,456 shares during the quarter. First Majestic Silver makes up approximately 1.2% of Realta Investment Advisors' holdings, making the stock its 15th biggest position. Realta Investment Advisors owned about 0.16% of First Majestic Silver worth $2,882,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AG. The Manufacturers Life Insurance Company boosted its stake in shares of First Majestic Silver by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 238,618 shares of the mining company's stock worth $1,411,000 after acquiring an additional 3,980 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of First Majestic Silver by 60.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 80,164 shares of the mining company's stock valued at $474,000 after purchasing an additional 30,260 shares during the last quarter. Creative Planning bought a new stake in shares of First Majestic Silver in the third quarter worth about $72,000. Blue Trust Inc. lifted its position in shares of First Majestic Silver by 77.3% in the third quarter. Blue Trust Inc. now owns 5,166 shares of the mining company's stock worth $31,000 after buying an additional 2,253 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in First Majestic Silver by 17.7% during the 3rd quarter. Raymond James & Associates now owns 558,096 shares of the mining company's stock valued at $3,349,000 after buying an additional 83,867 shares in the last quarter. Institutional investors own 27.16% of the company's stock.

Wall Street Analysts Forecast Growth

AG has been the subject of a number of recent research reports. Scotiabank dropped their price objective on shares of First Majestic Silver from $6.50 to $6.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 15th. HC Wainwright reissued a "buy" rating and issued a $11.00 price objective on shares of First Majestic Silver in a research note on Friday, January 10th.

First Majestic Silver Stock Performance

Shares of NYSE AG traded down $0.01 during midday trading on Tuesday, reaching $5.69. The company had a trading volume of 9,444,129 shares, compared to its average volume of 17,450,520. The stock has a market cap of $1.78 billion, a P/E ratio of -21.09 and a beta of 1.24. The company has a current ratio of 3.03, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. First Majestic Silver Corp. has a 1 year low of $4.17 and a 1 year high of $8.44. The business's 50-day simple moving average is $5.80 and its 200 day simple moving average is $6.02.

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 and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.