Caprock Group LLC Makes New $1.05 Million Investment in First Majestic Silver Corp. $AG

Caprock Group LLC purchased a new stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 85,000 shares of the mining company’s stock, valued at approximately $1,045,000.

Several other large investors have also bought and sold shares of the stock. Bogart Wealth LLC bought a new stake in shares of First Majestic Silver during the 3rd quarter worth $28,000. Sound Income Strategies LLC increased its stake in shares of First Majestic Silver by 29,900.0% during the 3rd quarter. Sound Income Strategies LLC now owns 3,000 shares of the mining company’s stock worth $37,000 after purchasing an additional 2,990 shares during the last quarter. CWM LLC raised its holdings in shares of First Majestic Silver by 57.2% in the 2nd quarter. CWM LLC now owns 5,114 shares of the mining company’s stock worth $42,000 after purchasing an additional 1,860 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of First Majestic Silver by 33.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 3,898 shares of the mining company’s stock worth $48,000 after purchasing an additional 971 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in First Majestic Silver by 7,831.6% in the third quarter. Global Retirement Partners LLC now owns 6,028 shares of the mining company’s stock valued at $74,000 after purchasing an additional 5,952 shares during the last quarter. 27.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AG has been the subject of a number of recent research reports. Cormark raised First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 6th. BMO Capital Markets restated a “market perform” rating on shares of First Majestic Silver in a research note on Friday, January 16th. HC Wainwright increased their target price on shares of First Majestic Silver from $17.50 to $24.50 and gave the stock a “buy” rating in a research report on Friday, January 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of First Majestic Silver in a research report on Wednesday, January 21st. Finally, Scotiabank upped their price target on shares of First Majestic Silver from $12.50 to $23.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.17.

First Majestic Silver Price Performance

Shares of NYSE:AG opened at $22.95 on Monday. The company’s fifty day moving average price is $19.68 and its 200-day moving average price is $14.29. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.38 and a quick ratio of 2.96. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 163.94 and a beta of 0.84. First Majestic Silver Corp. has a one year low of $5.09 and a one year high of $27.90.

About First Majestic Silver

First Majestic Silver Corp. (NYSE:AG) engages in the production of silver from its wholly owned operations in Mexico. Headquartered in Vancouver, British Columbia, the company focuses on acquiring, developing and operating high-grade silver projects. Established in 2002, First Majestic has built a multi-mine portfolio to supply silver primarily for the global industrial and investment markets while generating by-products such as gold, lead and zinc concentrates.

First Majestic’s principal operations are located in the historic Mexican Silver Belt, with producing mines including La Encantada in Coahuila, Santa Elena in Sonora and La Parrilla in Durango.