First Majestic Silver Corp. (NYSE:AG) Receives $8.50 Consensus Target Price from Analysts

First Majestic Silver Corp. (NYSE:AG - Get Free Report) TSE: FR has received a consensus rating of "Hold" from the four ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $8.50.

Several equities analysts have commented on AG shares. StockNews.com raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Scotiabank reissued a "sector perform" rating and issued a $6.00 price objective on shares of First Majestic Silver in a research note on Wednesday, April 2nd. National Bankshares reaffirmed a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. TD Securities raised shares of 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 price objective on shares of First Majestic Silver in a report on Friday, February 21st.

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Hedge Funds Weigh In On First Majestic Silver

A number of hedge funds have recently made changes to their positions in AG. Tidal Investments LLC raised its holdings in shares of First Majestic Silver by 135.2% in the 4th quarter. Tidal Investments LLC now owns 13,596,866 shares of the mining company's stock worth $74,647,000 after buying an additional 7,816,177 shares in the last quarter. Vanguard Group Inc. grew its position in First Majestic Silver by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 11,423,691 shares of the mining company's stock valued at $62,784,000 after acquiring an additional 598,996 shares during the period. Two Sigma Investments LP raised its stake in First Majestic Silver by 46.8% during the fourth quarter. Two Sigma Investments LP now owns 4,455,923 shares of the mining company's stock worth $24,463,000 after acquiring an additional 1,420,937 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of First Majestic Silver by 897.8% during the fourth quarter. Renaissance Technologies LLC now owns 3,759,181 shares of the mining company's stock valued at $20,638,000 after acquiring an additional 3,382,443 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of First Majestic Silver by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,472,159 shares of the mining company's stock valued at $19,060,000 after purchasing an additional 121,892 shares in the last quarter. Institutional investors and hedge funds own 27.16% of the company's stock.

First Majestic Silver Stock Up 4.2 %

Shares of AG stock traded up $0.26 during trading on Monday, hitting $6.28. 26,349,722 shares of the company were exchanged, compared to its average volume of 11,648,314. The business's 50-day simple moving average is $6.04 and its 200 day simple moving average is $6.17. First Majestic Silver has a twelve month low of $4.43 and a twelve month high of $8.44. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of -17.93 and a beta of 0.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its quarterly earnings data 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 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 analysts' expectations of $227.77 million. As a group, analysts forecast that First Majestic Silver will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.0057 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.00. First Majestic Silver's dividend payout ratio (DPR) is presently -5.71%.

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.