First Majestic Silver Corp (AG) : Weiss Asset Management Lp added new position in First Majestic Silver Corp during the most recent quarter end. The investment management firm now holds 5,250,900 shares of First Majestic Silver Corp which is valued at $95,041,290 , the company said in a statement filed on Aug 12, 2016 with the SEC.First Majestic Silver Corp makes up approximately 3.77% of Weiss Asset Management Lp’s portfolio.
Other Hedge Funds, Including , Lord Abbett added AG to its portfolio by purchasing 134,000 company shares during the most recent quarter which is valued at $2,425,400. First Majestic Silver Corp makes up approx 0.01% of Lord Abbett’s portfolio.Public Sector Pension Investment Board reduced its stake in AG by selling 124,800 shares or 10.35% in the most recent quarter. The Hedge Fund company now holds 1,081,353 shares of AG which is valued at $19,572,489. First Majestic Silver Corp makes up approx 0.24% of Public Sector Pension Investment Board’s portfolio. I.g. Investment Management Ltd. added AG to its portfolio by purchasing 15,000 company shares during the most recent quarter which is valued at $267,450. Her Majesty The Queen In Right Of The Province Of Alberta… added AG to its portfolio by purchasing 553,800 company shares during the most recent quarter which is valued at $10,079,160. First Majestic Silver Corp makes up approx 0.13% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.
First Majestic Silver Corp opened for trading at $13.01 and hit $13.5 on the upside on Monday, eventually ending the session at $13.3, with a gain of 0.83% or 0.11 points. The heightened volatility saw the trading volume jump to 45,90,371 shares. Company has a market cap of $2,162 M.
On the company’s financial health, First Majestic Silver Corp reported $0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 10, 2016. Analyst had a consensus of $0.05. The company had revenue of $66.10 million for the quarter.The company’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.
Many Wall Street Analysts have commented on First Majestic Silver Corp. First Majestic Silver Corp was Downgraded by TD Securities to ” Hold” on Jun 29, 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 Company’s other exploration properties. All of the Company’s 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.