First Majestic Silver Corp. (NYSE:AG) (TSE:FR) was the target of some unusual options trading activity on Tuesday. Traders bought 17,928 call options on the stock. This is an increase of 1,001% compared to the average daily volume of 1,628 call options.

AG has been the subject of several research reports. Scotiabank reaffirmed a “sector perform” rating and issued a $13.00 price target on shares of First Majestic Silver Corp. in a report on Friday, April 21st. S&P Global raised shares of First Majestic Silver Corp. from an “underperform” rating to a “market perform” rating in a report on Thursday, April 6th. Zacks Investment Research lowered shares of First Majestic Silver Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. UBS AG raised shares of First Majestic Silver Corp. from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 5th. Finally, National Bank Financial reaffirmed an “outperform market weight” rating on shares of First Majestic Silver Corp. in a report on Friday, May 5th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $16.75.

Several institutional investors have recently made changes to their positions in AG. Cambridge Investment Research Advisors Inc. acquired a new position in shares of First Majestic Silver Corp. during the first quarter worth about $102,000. Geneva Advisors LLC boosted its position in shares of First Majestic Silver Corp. by 4.1% in the first quarter. Geneva Advisors LLC now owns 12,800 shares of the mining company’s stock worth $104,000 after buying an additional 500 shares in the last quarter. Confluence Investment Management LLC acquired a new position in shares of First Majestic Silver Corp. during the first quarter worth about $129,000. Cobblestone Capital Advisors LLC NY acquired a new position in shares of First Majestic Silver Corp. during the first quarter worth about $134,000. Finally, ING Groep NV acquired a new position in shares of First Majestic Silver Corp. during the second quarter worth about $137,000. Institutional investors own 26.39% of the company’s stock.

First Majestic Silver Corp. (AG) opened at 7.98 on Friday. First Majestic Silver Corp. has a 1-year low of $6.62 and a 1-year high of $19.15. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 69.39 and a beta of 0.31. The firm’s 50-day moving average is $7.95 and its 200-day moving average is $8.55.

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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.

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