Integrated Investment Consultants Lowers stake in First Majestic Silver Corp (AG)

First Majestic Silver Corp (AG) : Integrated Investment Consultants reduced its stake in First Majestic Silver Corp by 28.95% during the most recent quarter end. The investment management company now holds a total of 96,350 shares of First Majestic Silver Corp which is valued at $756,348 after selling 39,250 shares in First Majestic Silver Corp , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.First Majestic Silver Corp makes up approximately 0.39% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in AG in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 579 shares of First Majestic Silver Corp which is valued at $4,644.Legal General Group Plc boosted its stake in AG in the latest quarter, The investment management firm added 3,300 additional shares and now holds a total of 12,163 shares of First Majestic Silver Corp which is valued at $94,385. Prospera Financial Services Inc sold out all of its stake in AG during the most recent quarter. The investment firm sold 15,565 shares of AG which is valued $120,784.Cutler Group Lp reduced its stake in AG by selling 8,087 shares or 46.01% in the most recent quarter. The Hedge Fund company now holds 9,489 shares of AG which is valued at $77,810.Bnp Paribas Arbitrage Sa boosted its stake in AG in the latest quarter, The investment management firm added 56,336 additional shares and now holds a total of 111,904 shares of First Majestic Silver Corp which is valued at $967,970.

First Majestic Silver Corp closed down -0.17 points or -2.12% at $7.85 with 47,04,901 shares getting traded on Friday. Post opening the session at $8, the shares hit an intraday low of $7.77 and an intraday high of $8.125 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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.

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