Amundi Decreases Stock Holdings in First Majestic Silver Corp. (NYSE:AG)

Amundi lessened its position in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,464,859 shares of the mining company's stock after selling 250,201 shares during the quarter. Amundi owned 0.47% of First Majestic Silver worth $8,613,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Barclays PLC purchased a new position in shares of First Majestic Silver during the 3rd quarter valued at about $2,419,000. Realta Investment Advisors raised its position in First Majestic Silver by 16.8% during the fourth quarter. Realta Investment Advisors now owns 497,726 shares of the mining company's stock valued at $2,882,000 after acquiring an additional 71,456 shares in the last quarter. National Bank of Canada FI boosted its position in First Majestic Silver by 18.0% in 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 in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of First Majestic Silver during the 3rd quarter worth approximately $748,000. Finally, XTX Topco Ltd increased its holdings in shares of First Majestic Silver by 1,510.1% during the 3rd quarter. XTX Topco Ltd now owns 271,748 shares of the mining company's stock valued at $1,630,000 after purchasing an additional 254,870 shares in the last quarter. 27.16% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

First Majestic Silver Price Performance

Shares of AG stock traded up $0.14 on Tuesday, reaching $7.23. 24,494,794 shares of the company were exchanged, compared to its average volume of 10,837,725. The company has a market cap of $3.50 billion, a price-to-earnings ratio of -20.64 and a beta of 1.16. First Majestic Silver Corp. has a 1 year low of $4.43 and a 1 year high of $8.44. The business has a 50-day moving average price of $5.75 and a 200 day moving average price of $6.07. 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 earnings results on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The firm had revenue of $172.34 million for the quarter, compared to analyst estimates of $227.77 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. Equities research analysts forecast that First Majestic Silver Corp. will post 0.54 earnings per share 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. Shareholders of record on Friday, February 28th were issued a $0.0057 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.32%. 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.