Cypress Wealth Services LLC Trims Stake in First Majestic Silver Corp. (NYSE:AG)


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Cypress Wealth Services LLC reduced its position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 10.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,116 shares of the mining company’s stock after selling 2,781 shares during the quarter. Cypress Wealth Services LLC’s holdings in First Majestic Silver were worth $391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new position in shares of First Majestic Silver in the 4th quarter worth about $38,000. Foresight Wealth Management LLC purchased a new position in shares of First Majestic Silver in the 4th quarter worth about $134,000. Laidlaw Wealth Management LLC purchased a new position in shares of First Majestic Silver in the 4th quarter worth about $140,000. XTX Markets LLC purchased a new position in shares of First Majestic Silver in the 4th quarter worth about $142,000. Finally, MTM Investment Management LLC purchased a new position in shares of First Majestic Silver in the 4th quarter worth about $142,000. Hedge funds and other institutional investors own 28.99% of the company’s stock.

AG stock opened at $16.00 on Tuesday. First Majestic Silver Corp. has a twelve month low of $7.20 and a twelve month high of $24.01. The company has a quick ratio of 4.05, a current ratio of 4.44 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.56 billion, a PE ratio of -64.00 and a beta of 1.25. The business has a 50 day moving average of $16.33 and a 200 day moving average of $14.13.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings data on Wednesday, February 17th. The mining company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.01. First Majestic Silver had a positive return on equity of 1.96% and a negative net margin of 14.98%. The company had revenue of $117.08 million during the quarter. On average, research analysts expect that First Majestic Silver Corp. will post 0.19 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded First Majestic Silver from a “sell” rating to a “hold” rating in a report on Wednesday, March 17th. National Bank Financial restated a “sector perform” rating on shares of First Majestic Silver in a report on Tuesday, February 2nd. TD Securities cut First Majestic Silver from a “buy” rating to a “hold” rating in a report on Friday, February 19th. Finally, HC Wainwright increased their target price on First Majestic Silver from $19.50 to $20.00 and gave the company a “buy” rating in a report on Wednesday, April 21st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. First Majestic Silver currently has an average rating of “Hold” and an average price target of $11.15.

First Majestic Silver Profile

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in Mexico. It holds 100% interests in the San Dimas Silver/Gold Mine comprises 119 concessions covering an area of 71,839 hectares located in Durango and Sinaloa states; the Santa Elena Silver/Gold Mine consists of 32 concessions covering an area of 102,172 hectares located in Sonora; and the La Encantada Silver Mine comprises 22 concessions covering an area of 4,076 hectares situated in Coahuila, as well as surface land ownership of 1,343 hectares.

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Institutional Ownership by Quarter for First Majestic Silver (NYSE:AG)

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