First Majestic Silver (NYSE:AG) Lifted to “Sell” at StockNews.com

First Majestic Silver (NYSE:AG – Get Free Report) (TSE:FR) was upgraded by StockNews.com to a “sell” rating in a report released on Wednesday.

A number of other research analysts also recently issued reports on AG. TD Securities lowered their price target on First Majestic Silver from C$11.00 to C$9.00 in a report on Tuesday, March 21st. HC Wainwright cut their price target on First Majestic Silver from $11.00 to $10.00 in a report on Friday, May 5th.

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First Majestic Silver Trading Up 4.2 %

Shares of NYSE AG opened at $6.92 on Wednesday. The company has a market cap of $1.96 billion, a PE ratio of -8.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 2.31. The firm’s 50 day moving average price is $5.88 and its 200-day moving average price is $6.83. First Majestic Silver has a 52-week low of $5.24 and a 52-week high of $9.81.

Institutional Trading of First Majestic Silver

A number of hedge funds have recently added to or reduced their stakes in AG. Moneta Group Investment Advisors LLC lifted its stake in shares of First Majestic Silver by 105,048.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 47,055,036 shares of the mining company’s stock worth $392,439,000 after purchasing an additional 47,010,285 shares during the last quarter. ETF Managers Group LLC acquired a new position in First Majestic Silver during the 1st quarter valued at about $93,028,000. Van ECK Associates Corp boosted its holdings in First Majestic Silver by 12.2% in the first quarter. Van ECK Associates Corp now owns 29,511,019 shares of the mining company’s stock worth $212,774,000 after acquiring an additional 3,199,855 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in First Majestic Silver during the 2nd quarter worth approximately $9,005,000. Finally, Two Sigma Investments LP acquired a new stake in shares of First Majestic Silver during the third quarter worth $6,994,000. 31.69% of the stock is owned by hedge funds and other institutional investors.

About First Majestic Silver

(Get Free Report)

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine that consists of 119 individual concessions covering an area of 71,839 hectares located in Durango and Sinaloa States, México; the Santa Elena comprising 32 individual concessions that covers an area of 102,172 hectares located in Sonora State, México; and the La Encantada consists of 22 exploitation concessions covering an area of 4,076 hectares located in Coahuila State, México.

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