Bard Associates Inc Lowers stake in First Majestic Silver Corp (AG)

First Majestic Silver Corp (AG) : Bard Associates Inc reduced its stake in First Majestic Silver Corp by 2.65% during the most recent quarter end. The investment management company now holds a total of 239,068 shares of First Majestic Silver Corp which is valued at $4,327,131 after selling 6,520 shares in First Majestic Silver Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.First Majestic Silver Corp makes up approximately 2.16% of Bard Associates Inc’s portfolio.

Other Hedge Funds, Including , Quadrature Capital Ltd reduced its stake in AG by selling 211,870 shares or 71.97% in the most recent quarter. The Hedge Fund company now holds 82,528 shares of AG which is valued at $1,493,757. First Majestic Silver Corp makes up approx 0.10% of Quadrature Capital Ltd’s portfolio.Vanguard Group Inc boosted its stake in AG in the latest quarter, The investment management firm added 439,072 additional shares and now holds a total of 2,742,740 shares of First Majestic Silver Corp which is valued at $49,643,594.Feltz Wealth Plan boosted its stake in AG in the latest quarter, The investment management firm added 9,627 additional shares and now holds a total of 10,000 shares of First Majestic Silver Corp which is valued at $183,300. First Majestic Silver Corp makes up approx 0.01% of Feltz Wealth Plan’s portfolio.Td Asset Management Inc boosted its stake in AG in the latest quarter, The investment management firm added 453,177 additional shares and now holds a total of 1,942,431 shares of First Majestic Silver Corp which is valued at $34,633,545. First Majestic Silver Corp makes up approx 0.06% of Td Asset Management Inc’s portfolio. Acadian Asset Management added AG to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $1,508.

First Majestic Silver Corp closed down -0.27 points or -1.85% at $14.36 with 50,97,576 shares getting traded on Tuesday. Post opening the session at $14.9, the shares hit an intraday low of $14.33 and an intraday high of $14.99 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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.

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