Realta Investment Advisors Has $2.88 Million Stake in First Majestic Silver Corp. (NYSE:AG)

Realta Investment Advisors grew its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 497,726 shares of the mining company’s stock after purchasing an additional 71,456 shares during the quarter. First Majestic Silver comprises 1.2% of Realta Investment Advisors’ portfolio, making the stock its 15th biggest holding. Realta Investment Advisors’ holdings in First Majestic Silver were worth $2,882,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC bought a new position in First Majestic Silver during the third quarter worth about $2,419,000. National Bank of Canada FI increased its holdings in shares of First Majestic Silver by 18.0% in the third quarter. National Bank of Canada FI now owns 683,627 shares of the mining company’s stock valued at $4,102,000 after purchasing an additional 104,092 shares in the last quarter. Raymond James & Associates grew its holdings in First Majestic Silver by 17.7% during the 3rd quarter. Raymond James & Associates now owns 558,096 shares of the mining company’s stock worth $3,349,000 after acquiring an additional 83,867 shares during the period. Point72 Asset Management L.P. acquired a new stake in First Majestic Silver during the 3rd quarter worth $748,000. Finally, XTX Topco Ltd grew its holdings in First Majestic Silver by 1,510.1% during the 3rd quarter. XTX Topco Ltd now owns 271,748 shares of the mining company’s stock worth $1,630,000 after acquiring an additional 254,870 shares during the period. 27.16% of the stock is owned by institutional investors and hedge funds.

First Majestic Silver Price Performance

Shares of NYSE:AG opened at $5.83 on Friday. The company’s 50-day moving average price is $5.82 and its two-hundred day moving average price is $6.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.03 and a quick ratio of 2.45. First Majestic Silver Corp. has a one year low of $4.17 and a one year high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its earnings results on Thursday, November 7th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12). The firm had revenue of $146.09 million during the quarter. First Majestic Silver had a negative net margin of 14.89% and a negative return on equity of 4.19%. Research analysts anticipate that First Majestic Silver Corp. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Scotiabank lowered their target price on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th. HC Wainwright reissued a “buy” rating and issued a $11.00 price target on shares of First Majestic Silver in a report on Friday, January 10th.

About First Majestic Silver

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 covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.