First Majestic Silver Corp. (NYSE:AG) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC lifted its position in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 28.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 174,527 shares of the mining company's stock after buying an additional 38,171 shares during the quarter. Virtu Financial LLC owned approximately 0.06% of First Majestic Silver worth $958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AG. Toronto Dominion Bank increased its position in First Majestic Silver by 6.7% during the third quarter. Toronto Dominion Bank now owns 29,404 shares of the mining company's stock worth $176,000 after buying an additional 1,855 shares in the last quarter. CIBC Asset Management Inc lifted its position in First Majestic Silver by 0.6% during the 4th 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 in the last quarter. Moors & Cabot Inc. grew its holdings in First Majestic Silver by 19.6% during the 4th 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 in the last quarter. Northwest & Ethical Investments L.P. increased its position in shares of First Majestic Silver by 23.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 21,419 shares of the mining company's stock worth $118,000 after acquiring an additional 4,009 shares during the last quarter. Finally, Euro Pacific Asset Management LLC increased its holdings in First Majestic Silver by 10.9% during the 4th quarter. Euro Pacific Asset Management LLC now owns 45,723 shares of the mining company's stock worth $262,000 after purchasing an additional 4,512 shares during the last quarter. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

First Majestic Silver Stock Performance

AG traded down $0.06 on Tuesday, hitting $6.91. 14,366,386 shares of the company's stock were exchanged, compared to its average volume of 11,076,570. 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 stock has a fifty day moving average of $5.87 and a two-hundred day moving average of $6.13. First Majestic Silver Corp. has a twelve month low of $4.43 and a twelve month high of $8.44. The firm has a market cap of $3.34 billion, a PE ratio of -19.76 and a beta of 1.16.

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 for the quarter, missing the consensus estimate of $0.05 by ($0.02). The company had revenue of $172.34 million during the quarter, compared to analyst estimates of $227.77 million. First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. On average, research analysts anticipate that First Majestic Silver Corp. will post 0.54 earnings per share 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. Stockholders of record on Friday, February 28th were issued a dividend of $0.0057 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Friday, February 28th. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. First Majestic Silver's payout ratio is -5.71%.

Analyst Ratings Changes

AG has been the subject of several recent analyst reports. StockNews.com raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. HC Wainwright reissued a "buy" rating and issued a $11.00 price objective on shares of First Majestic Silver in a report on Friday, February 21st. Scotiabank decreased their target price on 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. Finally, TD Securities raised First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $8.50.

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.