Insight Folios Inc decreased its position in First Majestic Silver Corp. (NYSE:AG – Get Rating) (TSE:FR) by 7.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 51,899 shares of the mining company's stock after selling 3,971 shares during the period. Insight Folios Inc's holdings in First Majestic Silver were worth $433,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the company. Sentinus LLC bought a new stake in First Majestic Silver in the 3rd quarter valued at approximately $263,000. Captrust Financial Advisors lifted its stake in First Majestic Silver by 40.7% in the 3rd quarter. Captrust Financial Advisors now owns 11,982 shares of the mining company's stock valued at $91,000 after acquiring an additional 3,467 shares in the last quarter. BNP Paribas Arbitrage SNC increased its position in shares of First Majestic Silver by 4.0% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 163,153 shares of the mining company's stock worth $1,243,000 after purchasing an additional 6,220 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in shares of First Majestic Silver during the 3rd quarter worth approximately $81,000. Finally, Alliancebernstein L.P. increased its position in shares of First Majestic Silver by 161.0% during the 3rd quarter. Alliancebernstein L.P. now owns 26,100 shares of the mining company's stock worth $199,000 after purchasing an additional 16,100 shares during the last quarter. Institutional investors own 30.40% of the company's stock.
Get First Majestic Silver alerts:First Majestic Silver Stock Up 8.3 %
AG stock opened at $6.24 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.83 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $1.71 billion, a PE ratio of -14.51 and a beta of 1.00. First Majestic Silver Corp. has a 1-year low of $5.53 and a 1-year high of $14.59. The business's 50 day simple moving average is $7.27 and its 200 day simple moving average is $8.05.
First Majestic Silver (NYSE:AG – Get Rating) (TSE:FR) last posted its earnings results on Thursday, February 23rd. The mining company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). The business had revenue of $148.20 million for the quarter, compared to analyst estimates of $197.59 million. First Majestic Silver had a negative return on equity of 3.73% and a negative net margin of 18.31%. During the same period in the previous year, the firm posted $0.02 earnings per share. As a group, research analysts anticipate that First Majestic Silver Corp. will post 0.11 EPS for the current year.
First Majestic Silver Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be issued a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Thursday, March 9th. First Majestic Silver's payout ratio is presently -4.65%.
Analysts Set New Price Targets
Several research analysts have weighed in on AG shares. TD Securities lowered their price target on First Majestic Silver from C$11.00 to C$9.00 in a research report on Tuesday. HC Wainwright lowered their price target on First Majestic Silver from $12.00 to $10.50 and set a "buy" rating on the stock in a research report on Wednesday. BMO Capital Markets lowered their price target on First Majestic Silver from C$10.50 to C$9.00 in a research report on Friday, January 20th. Finally, National Bank Financial lowered their price target on First Majestic Silver from C$14.50 to C$11.00 in a research report on Tuesday, February 14th.
First Majestic Silver Profile
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First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México including the La Encantada Silver Mine, La Parrilla Silver Mine, San Martin Silver Mine, La Guitarra Silver Mine, Del Toro Silver Mine, Santa Elena Silver & Gold Mine, and San Dimas Silver & Gold Mine.
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