Large Outflow of Money Witnessed in First Majestic Silver

Shares of First Majestic Silver (NYSE:AG) traded 0.17 points or 1.34% higher at $12.63.The total intraday money flow for the shares came in at a disappointing $(-1.07) million. The total upticks amounted to $0.57 million and the total downticks were approximately $1.63 million, with the up/down ratio of 0.35. On a different note, the shares have seen 7.37% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $0.96 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-0.96) million.


Currently the company Insiders own 0.85% of First Majestic Silver shares according to the proxy statements. Institutional Investors own 29.87% of First Majestic Silver shares.

First Majestic Silver (NYSE:AG) : On Monday heightened volatility was witnessed in First Majestic Silver (NYSE:AG) which led to swings in the share price. The stock opened for trading at $12.71 and hit $12.85 on the upside , eventually ending the session at $12.59, with a gain of 1.04% or 0.13 points. The heightened volatility saw the trading volume jump to 4,589,440 shares. The 52-week high of the share price is $13.32 and the company has a market cap of $1,964 million. The 52-week low of the share price is at $2.4 .

Many analysts have stated their opinion on the company shares. Equity Analysts at the Raymond James downgrades the rating on First Majestic Silver (NYSE:AG). The brokerage firm has issued a Underperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on April 20, 2016.

First Majestic Silver Corp is engaged in the business of silver production, development, exploration, and acquisition of mineral properties with a focus on silver production in Mexico. The Company has eight segments, including five operating segments located in Mexico, one development project in Mexico, one retail market segment in Canada and one silver trading segment in Europe. Corporate and eliminations consists primarily of the Companys other exploration properties. All of the Companys operations are within the mining industry and its products are silver dore, silver?lead and silver?zinc concentrates. Its mine and properties include La Encantada Silver Mine, La Parrilla Silver Mine, Del Toro Silver Mine, San Martin Silver Mine, La Guitarra Silver Mine, La Luz Silver Project, Plomosas Silver Project and Jalisco Group of Properties. It other properties include the Penasco Quemado Silver Project, the La Frazada Silver Project and the Los Lobos Silver Project in the State of Sonora.

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