Barclays PLC Makes New $2.42 Million Investment in First Majestic Silver Corp. (NYSE:AG)

Barclays PLC acquired a new stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 403,219 shares of the mining company's stock, valued at approximately $2,419,000. Barclays PLC owned approximately 0.13% of First Majestic Silver at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. increased its holdings in First Majestic Silver by 77.3% during the 3rd quarter. Blue Trust Inc. now owns 5,166 shares of the mining company's stock worth $31,000 after purchasing an additional 2,253 shares in the last quarter. Veracity Capital LLC grew its holdings in shares of First Majestic Silver by 18.5% during the third quarter. Veracity Capital LLC now owns 17,344 shares of the mining company's stock worth $104,000 after buying an additional 2,710 shares in the last quarter. International Assets Investment Management LLC raised its position in First Majestic Silver by 39.5% in the 2nd quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company's stock valued at $83,000 after buying an additional 3,960 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in First Majestic Silver by 1.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 238,618 shares of the mining company's stock valued at $1,411,000 after acquiring an additional 3,980 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in First Majestic Silver by 6.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,320 shares of the mining company's stock worth $493,000 after acquiring an additional 4,797 shares during the last quarter. 27.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. HC Wainwright reissued a "buy" rating and issued a $8.50 price objective on shares of First Majestic Silver in a research report on Friday, October 18th. Cormark raised First Majestic Silver from a "hold" rating to a "moderate buy" rating in a research report on Friday, September 6th.

First Majestic Silver Stock Up 1.8 %

AG traded up $0.10 during trading on Thursday, reaching $5.68. 5,208,011 shares of the stock were exchanged, compared to its average volume of 8,459,590. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 3.03. The stock's 50 day moving average price is $6.52 and its two-hundred day moving average price is $6.14. First Majestic Silver Corp. has a twelve month low of $4.17 and a twelve month high of $8.44. The stock has a market cap of $1.71 billion, a P/E ratio of -21.04 and a beta of 1.25.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last released its quarterly earnings data on Thursday, November 7th. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.12). First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%. The firm had revenue of $146.09 million for the quarter. Equities analysts expect that First Majestic Silver Corp. will post -0.17 EPS for the current year.

First Majestic Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.0048 dividend. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.02 annualized dividend and a yield of 0.34%. First Majestic Silver's dividend payout ratio is currently -3.70%.

About First Majestic Silver

First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver and gold production in North America. Its projects include the San Dimas mine covering an area of approximately 71,867 hectares located in Durango State, Mexico; the Santa Elena that covers an area of approximately 102,244 hectares located in Sonora State, México; and the La Encantada covering an area of approximately 4,076 hectares located in Coahuila State, México.