Morgan Stanley Boosts Position in First Majestic Silver Corp. (NYSE:AG)

Morgan Stanley boosted its position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 68.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 944,449 shares of the mining company’s stock after buying an additional 383,398 shares during the period. Morgan Stanley’s holdings in First Majestic Silver Corp. were worth $7,668,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in AG. Bank of Montreal Can boosted its position in shares of First Majestic Silver Corp. by 2.3% in the first quarter. Bank of Montreal Can now owns 976,427 shares of the mining company’s stock valued at $7,928,000 after buying an additional 21,854 shares during the last quarter. Sigma Planning Corp boosted its position in shares of First Majestic Silver Corp. by 47.6% in the first quarter. Sigma Planning Corp now owns 17,176 shares of the mining company’s stock valued at $139,000 after buying an additional 5,541 shares during the last quarter. Creative Planning boosted its position in shares of First Majestic Silver Corp. by 85.9% in the first quarter. Creative Planning now owns 67,719 shares of the mining company’s stock valued at $550,000 after buying an additional 31,299 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of First Majestic Silver Corp. by 16.9% in the first quarter. Van ECK Associates Corp now owns 11,456,117 shares of the mining company’s stock valued at $93,024,000 after buying an additional 1,653,907 shares during the last quarter. Finally, Norges Bank bought a new position in shares of First Majestic Silver Corp. during the fourth quarter valued at $7,766,000. Hedge funds and other institutional investors own 26.81% of the company’s stock.

Shares of First Majestic Silver Corp. (AG) opened at 6.43 on Friday. The firm has a market capitalization of $1.06 billion, a P/E ratio of 82.44 and a beta of 0.30. The stock has a 50 day moving average of $7.38 and a 200-day moving average of $8.30. First Majestic Silver Corp. has a 52-week low of $5.92 and a 52-week high of $14.99.

First Majestic Silver Corp. (NYSE:AG) (TSE:FR) last announced its quarterly earnings results on Thursday, August 3rd. The mining company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.07. The business had revenue of $60.10 million for the quarter, compared to analysts’ expectations of $77.62 million. First Majestic Silver Corp. had a net margin of 5.11% and a return on equity of 1.60%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. Equities analysts expect that First Majestic Silver Corp. will post $0.02 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.com-unik.info/2017/08/19/first-majestic-silver-corp-nyseag-shares-bought-by-morgan-stanley-updated-updated.html.

Several brokerages recently issued reports on AG. HC Wainwright reiterated a “buy” rating and issued a $14.00 target price on shares of First Majestic Silver Corp. in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub upgraded shares of First Majestic Silver Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. National Bank Financial reiterated an “outperform market weight” rating on shares of First Majestic Silver Corp. in a research note on Friday, May 5th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $13.00 target price on shares of First Majestic Silver Corp. in a research note on Friday, April 21st. 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. The stock has an average 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)

What are top analysts saying about First Majestic Silver Corp.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First Majestic Silver Corp. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit