Semanteon Capital Management LP Buys 206,865 Shares of First Majestic Silver Corp. (NYSE:AG)

Semanteon Capital Management LP grew its holdings in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 374.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 262,067 shares of the mining company's stock after acquiring an additional 206,865 shares during the period. Semanteon Capital Management LP owned about 0.08% of First Majestic Silver worth $1,439,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Northwest & Ethical Investments L.P. raised its position in First Majestic Silver by 23.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 21,419 shares of the mining company's stock worth $118,000 after purchasing an additional 4,009 shares during the last quarter. Signaturefd LLC raised its position in shares of First Majestic Silver by 472.6% during the fourth quarter. Signaturefd LLC now owns 21,020 shares of the mining company's stock worth $115,000 after acquiring an additional 17,349 shares during the last quarter. Swiss National Bank lifted its stake in shares of First Majestic Silver by 4.0% in the fourth quarter. Swiss National Bank now owns 595,700 shares of the mining company's stock worth $3,272,000 after acquiring an additional 23,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in First Majestic Silver in the fourth quarter valued at approximately $981,000. Finally, Moors & Cabot Inc. increased its position 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 during the period. Institutional investors and hedge funds own 27.16% of the company's stock.

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Analyst Ratings Changes

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

First Majestic Silver Stock Down 1.1 %

Shares of NYSE AG traded down $0.08 during trading on Tuesday, hitting $6.88. 17,921,126 shares of the company traded hands, compared to its average volume of 11,076,570. 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 business's fifty day moving average is $5.87 and its 200 day moving average is $6.13. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of -19.66 and a beta of 1.16. First Majestic Silver Corp. has a fifty-two week low of $4.43 and a fifty-two week high of $8.44.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its quarterly 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). The firm had revenue of $172.34 million during the quarter, compared to the consensus estimate of $227.77 million. First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. Equities research analysts predict 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. Shareholders of record on Friday, February 28th were paid a dividend of $0.0057 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.33%. 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 payout ratio is -5.71%.

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.