April 23, 2017

Investors Spotlight: MAG Silver Corp.'s (MAG)

22 April 2017, 01:31 | Austin Hogan

The stock subtracted in the prior trading session by -5.76%, closing at the stock price of $8.67. Finally, Princeton Alpha Management LP bought a new position in shares of First Majestic Silver Corp. during the third quarter worth about $143,000. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 2.11%. (AG) reported its Actual EPS of $-0.01/share. Wall Street is only getting more bullish on the stock, with 3 of analysts who cover AXU having a buy-equivalent rating.

Bard Associates Inc. cut its stake in shares of First Majestic Silver Corp. (NYSE:AG) traded down 1.66% during trading on Friday, hitting $10.06. Finally, Zacks Investment Research downgraded First Majestic Silver Corp from a "hold" rating to a "sell" rating in a report on Friday, January 20th. TheStreet raised First Majestic Silver Corp from a "d+" rating to a "c-" rating in a report on Monday, February 6th. First Majestic Silver Corp. presently has an average rating of "Hold" and a consensus price target of $14.55. The company earned $66.20 million during the quarter, compared to analysts' expectations of $78.33 million.

EPS growth for this year is -192.70% and EPS growth for next year is expected to reach at 330.00%. First Majestic Silver Corp's revenue for the quarter was up.3% on a year-over-year basis. EPS growth in past five years was -36.80%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. (AG) has a market capitalization of 1.55 Billion which suggests the company is a huge company further suggesting that the shares of First Majestic Silver Corp. In the last 90 days, insiders have sold 173,650 shares of company stock worth $2,155,457. Great West Life Assurance Co. Raymond James Financial, Inc. boosted their target price on shares of First Majestic Silver Corp. from C$9.00 to C$11.50 in a report on Thursday, December 22nd. Can boosted its position in shares of First Majestic Silver Corp by 1.1% in the third quarter.

The stock diminished about -35.12% in the past 5 years, this negative value indicates that the stock constantly going down in previous years as well. These analysts and investment firms use various valuation methods to decide a price target for a stock. Institutional investors own 33.94% of the company's stock. The Company 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's subsidiaries include First Majestic Plata, C.V., Minera El Pilon, C.V., Minera La Encantada, C.V., Majestic Services, C.V., Santa Elena Oro y Plata, C.V. and FMS Trading AG. The Company operates through eight segments, six of which are located in Mexico; one retail market segment in Canada, and one metal trading segment in Europe.

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