First Majestic Silver Corp. (AG) Stake Boosted by North Star Investment Management Corp.

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North Star Investment Management Corp. increased its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 166.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,000 shares of the mining company’s stock after acquiring an additional 10,000 shares during the period. North Star Investment Management Corp.’s holdings in First Majestic Silver were worth $94,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AG. Fore Capital LLC acquired a new position in First Majestic Silver during the 3rd quarter worth about $142,000. Tower Research Capital LLC TRC raised its position in First Majestic Silver by 235.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 20,171 shares of the mining company’s stock valued at $154,000 after purchasing an additional 14,154 shares in the last quarter. Legal & General Group Plc raised its position in First Majestic Silver by 226.0% in the 3rd quarter. Legal & General Group Plc now owns 46,600 shares of the mining company’s stock valued at $264,000 after purchasing an additional 32,305 shares in the last quarter. Wells Fargo & Company MN raised its position in First Majestic Silver by 10.3% in the 3rd quarter. Wells Fargo & Company MN now owns 93,926 shares of the mining company’s stock valued at $533,000 after purchasing an additional 8,770 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in First Majestic Silver by 44.3% in the 3rd quarter. Hsbc Holdings PLC now owns 95,837 shares of the mining company’s stock valued at $544,000 after purchasing an additional 29,422 shares in the last quarter. 25.72% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the company. Roth Capital set a $8.00 price target on First Majestic Silver and gave the company a “buy” rating in a research report on Tuesday, October 16th. HC Wainwright set a $9.00 price target on First Majestic Silver and gave the company a “buy” rating in a research report on Tuesday, October 16th. TD Securities reaffirmed a “buy” rating on shares of First Majestic Silver in a research report on Monday, October 22nd. ValuEngine raised First Majestic Silver from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Finally, Zacks Investment Research lowered First Majestic Silver from a “hold” rating to a “strong sell” rating in a research report on Friday, October 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. First Majestic Silver has an average rating of “Buy” and a consensus target price of $8.75.

AG stock opened at $6.06 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.38 and a quick ratio of 2.85. First Majestic Silver Corp. has a 1 year low of $4.59 and a 1 year high of $8.48.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its quarterly earnings data on Wednesday, November 7th. The mining company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. First Majestic Silver had a negative return on equity of 5.13% and a negative net margin of 33.27%. The business had revenue of $88.50 million for the quarter, compared to the consensus estimate of $126.56 million. The business’s revenue was up 43.0% on a year-over-year basis. Analysts anticipate that First Majestic Silver Corp. will post -0.16 earnings per share for the current fiscal year.

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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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