Commerzbank Aktiengesellschaft FI Purchases 554,438 Shares of First Majestic Silver Corp. (NYSE:AG)

Commerzbank Aktiengesellschaft FI boosted its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 24.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,824,842 shares of the mining company’s stock after acquiring an additional 554,438 shares during the period. Commerzbank Aktiengesellschaft FI owned approximately 1.39% of First Majestic Silver worth $22,345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Deutsche Bank AG boosted its holdings in First Majestic Silver by 3,672.1% during the fourth quarter. Deutsche Bank AG now owns 980,638 shares of the mining company’s stock valued at $5,775,000 after purchasing an additional 954,641 shares in the last quarter. Norges Bank acquired a new stake in First Majestic Silver during the fourth quarter valued at approximately $2,346,000. Alps Advisors Inc. boosted its holdings in First Majestic Silver by 57.4% during the first quarter. Alps Advisors Inc. now owns 921,133 shares of the mining company’s stock valued at $6,061,000 after purchasing an additional 335,918 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in First Majestic Silver during the first quarter valued at approximately $2,621,000. Finally, Bank of Montreal Can boosted its holdings in First Majestic Silver by 66.2% during the first quarter. Bank of Montreal Can now owns 671,560 shares of the mining company’s stock valued at $4,419,000 after purchasing an additional 267,372 shares in the last quarter. Hedge funds and other institutional investors own 26.06% of the company’s stock.

In other First Majestic Silver news, major shareholder Vinita Lee Piper bought 22,055 shares of First Majestic Silver stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average cost of $5.93 per share, with a total value of $130,786.15. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.85% of the stock is owned by insiders.

Shares of AG traded down $0.33 on Friday, hitting $9.51. The company’s stock had a trading volume of 33,495 shares, compared to its average volume of 5,121,249. The firm has a market capitalization of $1.99 billion, a P/E ratio of -45.48 and a beta of 0.10. The company has a quick ratio of 2.78, a current ratio of 3.24 and a debt-to-equity ratio of 0.24. First Majestic Silver Corp. has a fifty-two week low of $4.59 and a fifty-two week high of $10.39. The business has a 50 day moving average price of $8.30.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its earnings results on Thursday, May 9th. The mining company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $86.80 million for the quarter, compared to the consensus estimate of $124.73 million. First Majestic Silver had a negative return on equity of 4.63% and a negative net margin of 59.46%. First Majestic Silver’s revenue was up 48.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) EPS. On average, research analysts predict that First Majestic Silver Corp. will post 0.01 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on AG shares. ValuEngine raised First Majestic Silver from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 17th. HC Wainwright set a $8.00 price objective on First Majestic Silver and gave the company a “buy” rating in a report on Wednesday, April 17th. Zacks Investment Research downgraded First Majestic Silver from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, TheStreet raised First Majestic Silver from a “d+” rating to a “c-” rating in a report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. First Majestic Silver presently has an average rating of “Buy” and a consensus price target of $7.69.

First Majestic Silver Profile

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver production in Mexico. It owns and operates six silver producing mines, including the Santa Elena Silver/Gold Mine covering an area of 101,837 hectares located in Sonora; La Encantada Silver Mine covering an area of 4,076 hectares situated in Coahuila; La Parrilla Silver Mine covering an area of 69,478 hectares located in Durango; Del Toro Silver Mine covering an area of 2,159 hectares situated in Zacatecas; San Martin Silver Mine covering an area of 38,512 hectares located in Jalisco; and La Guitarra Silver Mine that consists of 39,714 hectares situated in México State.

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

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