Global X Management Co Lowers stake in First Majestic Silver Corp (AG)

First Majestic Silver Corp (AG) : Global X Management Co reduced its stake in First Majestic Silver Corp by 21.76% during the most recent quarter end. The investment management company now holds a total of 1,469,172 shares of First Majestic Silver Corp which is valued at $26,929,923 after selling 408,512 shares in First Majestic Silver Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.First Majestic Silver Corp makes up approximately 1.30% of Global X Management Co’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in AG by selling 6,018 shares or 7.02% in the most recent quarter. The Hedge Fund company now holds 79,677 shares of AG which is valued at $1,460,479. 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. Advisory Services Network added AG to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $3,306.Cibc World Markets boosted its stake in AG in the latest quarter, The investment management firm added 157,154 additional shares and now holds a total of 201,546 shares of First Majestic Silver Corp which is valued at $3,142,102. First Majestic Silver Corp makes up approx 0.01% of Cibc World Markets’s portfolio. Fox Run Management L.l.c. sold out all of its stake in AG during the most recent quarter. The investment firm sold 24,500 shares of AG which is valued $369,460.

First Majestic Silver Corp closed down -0.58 points or -3.41% at $16.45 with 83,19,056 shares getting traded on Wednesday. Post opening the session at $16.74, the shares hit an intraday low of $15.965 and an intraday high of $16.7658 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 was Upgraded by Desjardins to ” Hold” on May 12, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *