452,828 Shares in First Majestic Silver Corp. (NYSE:AG) Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. purchased a new position in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 452,828 shares of the mining company's stock, valued at approximately $2,486,000. Capital Fund Management S.A. owned approximately 0.15% of First Majestic Silver as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of AG. Franklin Resources Inc. boosted its position in First Majestic Silver by 8.3% during the fourth quarter. Franklin Resources Inc. now owns 23,240 shares of the mining company's stock worth $128,000 after purchasing an additional 1,776 shares in the last quarter. Toronto Dominion Bank increased its holdings in First Majestic Silver by 6.7% in the 3rd quarter. Toronto Dominion Bank now owns 29,404 shares of the mining company's stock worth $176,000 after acquiring an additional 1,855 shares in the last quarter. CIBC Asset Management Inc raised its position in First Majestic Silver by 0.6% during the fourth quarter. CIBC Asset Management Inc now owns 370,255 shares of the mining company's stock worth $2,030,000 after acquiring an additional 2,288 shares during the period. Rathbones Group PLC lifted its holdings in First Majestic Silver by 4.3% during the fourth quarter. Rathbones Group PLC now owns 56,852 shares of the mining company's stock valued at $312,000 after purchasing an additional 2,325 shares in the last quarter. Finally, Moors & Cabot Inc. grew its position in shares of First Majestic Silver by 19.6% in the fourth quarter. Moors & Cabot Inc. now owns 17,100 shares of the mining company's stock valued at $94,000 after purchasing an additional 2,800 shares during the period. 27.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Scotiabank restated a "sector perform" rating and set a $6.00 price target on shares of First Majestic Silver in a research report on Wednesday, April 2nd. HC Wainwright reissued a "buy" rating and issued a $11.00 price objective on shares of First Majestic Silver in a research note on Friday, February 21st. TD Securities raised shares of First Majestic Silver to a "hold" rating in a research note on Monday, March 10th. StockNews.com raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of First Majestic Silver in a research note on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $8.50.

First Majestic Silver Trading Down 2.8 %

Shares of AG stock traded down $0.19 on Friday, hitting $6.52. The stock had a trading volume of 17,876,512 shares, compared to its average volume of 11,750,546. The company's 50 day moving average price is $6.13 and its 200-day moving average price is $6.19. First Majestic Silver Corp. has a 1 year low of $4.43 and a 1 year high of $8.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.56 and a quick ratio of 2.12. The firm has a market capitalization of $3.15 billion, a P/E ratio of -18.61 and a beta of 0.97.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The firm had revenue of $172.34 million during the quarter, compared to analysts' expectations of $227.77 million. First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. Analysts anticipate that First Majestic Silver Corp. will post 0.54 earnings per share for the current year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.0057 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.35%. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date was Friday, February 28th. First Majestic Silver's dividend payout ratio (DPR) is -5.71%.

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.