178,700 Shares in First Majestic Silver Corp. (NYSE:AG) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 178,700 shares of the mining company's stock, valued at approximately $981,000. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of First Majestic Silver at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its holdings in shares of First Majestic Silver by 1.8% during the third quarter. Tidal Investments LLC now owns 5,780,689 shares of the mining company's stock worth $34,684,000 after purchasing an additional 99,640 shares during the last quarter. National Bank of Canada FI grew its position in First Majestic Silver by 18.0% during the 3rd quarter. National Bank of Canada FI now owns 683,627 shares of the mining company's stock worth $4,102,000 after purchasing an additional 104,092 shares during the period. Sprott Inc. raised its stake in shares of First Majestic Silver by 26.3% during the 4th quarter. Sprott Inc. now owns 655,445 shares of the mining company's stock valued at $3,600,000 after buying an additional 136,348 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of First Majestic Silver by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 565,982 shares of the mining company's stock valued at $3,109,000 after buying an additional 18,219 shares during the period. Finally, Realta Investment Advisors boosted its position in First Majestic Silver by 16.8% in the 4th quarter. Realta Investment Advisors now owns 497,726 shares of the mining company's stock worth $2,882,000 after purchasing an additional 71,456 shares in the last quarter. Hedge funds and other institutional investors own 27.16% of the company's stock.

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First Majestic Silver Price Performance

Shares of AG stock traded up $0.04 during trading hours on Monday, reaching $6.96. The company had a trading volume of 19,085,221 shares, compared to its average volume of 11,076,766. First Majestic Silver Corp. has a 12-month low of $4.43 and a 12-month high of $8.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of -19.87 and a beta of 1.16. The stock has a fifty day moving average of $5.85 and a 200-day moving average of $6.11.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The company had revenue of $172.34 million during the quarter, compared to analysts' expectations of $227.77 million. On average, equities 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 dividend of $0.0057 per share. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Friday, February 28th. First Majestic Silver's dividend payout ratio (DPR) is presently -5.71%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Scotiabank decreased their price objective on shares of First Majestic Silver from $6.50 to $6.00 and set a "sector perform" rating for the company in a research report on Wednesday, January 15th. TD Securities upgraded First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $11.00 target price on shares of First Majestic Silver in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, First Majestic Silver has an average rating of "Hold" and a consensus price target of $8.50.

First Majestic Silver Profile

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.