HighTower Advisors LLC Has $367,000 Stock Position in First Majestic Silver Corp. (NYSE:AG)

HighTower Advisors LLC reduced its stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 49.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,877 shares of the mining company's stock after selling 65,000 shares during the period. HighTower Advisors LLC's holdings in First Majestic Silver were worth $367,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AG. Moors & Cabot Inc. grew its holdings in First Majestic Silver by 19.6% during 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. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of First Majestic Silver during the fourth quarter worth $55,000. Raymond James Financial Inc. acquired a new position in shares of First Majestic Silver in the 4th quarter valued at $2,442,000. Aigen Investment Management LP bought a new stake in shares of First Majestic Silver in the 4th quarter valued at $161,000. Finally, Charles Schwab Investment Management Inc. raised its stake in First Majestic Silver by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 565,982 shares of the mining company's stock worth $3,109,000 after buying an additional 18,219 shares during the period. 27.16% of the stock is owned by institutional investors and hedge funds.

First Majestic Silver Stock Down 13.5 %

Shares of First Majestic Silver stock traded down $0.87 during trading on Friday, reaching $5.57. The stock had a trading volume of 26,972,261 shares, compared to its average volume of 11,408,934. The company has a current ratio of 2.56, a quick ratio of 2.12 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of -15.91 and a beta of 1.16. First Majestic Silver Corp. has a 52 week low of $4.43 and a 52 week high of $8.44. The stock has a fifty day moving average price of $6.04 and a two-hundred day moving average price of $6.20.

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

First Majestic Silver Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.0057 dividend. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a yield of 0.41%. The ex-dividend date was Friday, February 28th. First Majestic Silver's payout ratio is presently -5.71%.

Wall Street Analyst Weigh In

AG has been the subject of a number of research analyst reports. Scotiabank reissued a "sector perform" rating and issued a $6.00 target price on shares of First Majestic Silver in a research note on Wednesday. StockNews.com upgraded First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. TD Securities upgraded First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. Finally, HC Wainwright restated a "buy" rating and set a $11.00 target price on shares of First Majestic Silver in a report on Friday, February 21st. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $8.50.

First Majestic Silver Company 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.