85,000 Shares in First Majestic Silver Corp. $AG Bought by Caprock Group LLC

Caprock Group LLC purchased a new stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 85,000 shares of the mining company’s stock, valued at approximately $1,045,000.

Other large investors have also recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in First Majestic Silver during the 3rd quarter valued at about $28,000. Sound Income Strategies LLC lifted its position in First Majestic Silver by 29,900.0% in the third quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company’s stock valued at $37,000 after purchasing an additional 2,990 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of First Majestic Silver by 33.2% during the third quarter. AdvisorNet Financial Inc now owns 3,898 shares of the mining company’s stock valued at $48,000 after purchasing an additional 971 shares during the period. CWM LLC grew its holdings in shares of First Majestic Silver by 57.2% in the second quarter. CWM LLC now owns 5,114 shares of the mining company’s stock worth $42,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of First Majestic Silver by 7,831.6% in the third quarter. Global Retirement Partners LLC now owns 6,028 shares of the mining company’s stock worth $74,000 after buying an additional 5,952 shares during the period. Hedge funds and other institutional investors own 27.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Scotiabank boosted their price objective on shares of First Majestic Silver from $12.50 to $23.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of First Majestic Silver in a report on Wednesday, January 21st. Wall Street Zen lowered First Majestic Silver from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. HC Wainwright raised their price target on First Majestic Silver from $17.50 to $24.50 and gave the stock a “buy” rating in a research note on Friday, January 16th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of First Majestic Silver in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.17.

First Majestic Silver Trading Up 6.3%

NYSE AG opened at $22.95 on Monday. First Majestic Silver Corp. has a 12 month low of $5.09 and a 12 month high of $27.90. The company has a current ratio of 3.38, a quick ratio of 2.96 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average price is $19.68 and its 200-day moving average price is $14.29. The stock has a market cap of $11.31 billion, a P/E ratio of 163.94 and a beta of 0.84.

First Majestic Silver Company Profile

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.