Raymond James & Associates Boosts Holdings in First Majestic Silver Corp. (NYSE:AG)

Raymond James & Associates lifted its holdings in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 17.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 558,096 shares of the mining company's stock after buying an additional 83,867 shares during the quarter. Raymond James & Associates owned approximately 0.19% of First Majestic Silver worth $3,349,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in First Majestic Silver by 77.3% in the 3rd 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 during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of First Majestic Silver during the first quarter worth approximately $62,000. Dark Forest Capital Management LP acquired a new position in First Majestic Silver in the 2nd quarter valued at $70,000. Creative Planning acquired a new stake in First Majestic Silver during the 3rd quarter worth $72,000. Finally, International Assets Investment Management LLC boosted its stake in First Majestic Silver by 39.5% during the 2nd quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company's stock worth $83,000 after purchasing an additional 3,960 shares during the last quarter. Hedge funds and other institutional investors own 27.16% of the company's stock.

First Majestic Silver Trading Down 2.5 %

Shares of First Majestic Silver stock traded down $0.18 during mid-day trading on Monday, hitting $7.00. The stock had a trading volume of 7,034,241 shares, compared to its average volume of 8,247,356. The firm has a market cap of $2.11 billion, a P/E ratio of -26.52 and a beta of 1.31. The company has a quick ratio of 2.44, a current ratio of 3.05 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $6.31 and a two-hundred day moving average of $6.36. First Majestic Silver Corp. has a 12-month low of $4.17 and a 12-month high of $8.44.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its earnings results on Thursday, August 1st. The mining company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.05). The firm had revenue of $136.20 million for the quarter, compared to analyst estimates of $129.74 million. First Majestic Silver had a negative return on equity of 4.39% and a negative net margin of 15.37%. The business's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.02) EPS. Sell-side analysts forecast that First Majestic Silver Corp. will post -0.13 earnings per share for the current year.

Analyst Ratings Changes

AG has been the topic of several research reports. Cormark raised shares of First Majestic Silver from a "hold" rating to a "moderate buy" rating in a research note on Friday, September 6th. HC Wainwright restated a "buy" rating and issued a $8.50 price target on shares of First Majestic Silver in a research report on Friday, October 18th.

First Majestic Silver 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.