National Bank of Canada FI Purchases 132,661 Shares of First Majestic Silver Corp. (NYSE:AG)

National Bank of Canada FI increased its position in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 19.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 816,288 shares of the mining company's stock after acquiring an additional 132,661 shares during the quarter. National Bank of Canada FI owned about 0.26% of First Majestic Silver worth $4,485,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its stake in shares of First Majestic Silver by 805.4% in the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock worth $29,000 after purchasing an additional 4,591 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in First Majestic Silver in the 4th quarter worth approximately $55,000. Y Intercept Hong Kong Ltd purchased a new position in First Majestic Silver in the 3rd quarter valued at approximately $70,000. Kingswood Wealth Advisors LLC bought a new stake in First Majestic Silver during the 4th quarter valued at $82,000. Finally, Fiduciary Family Office LLC purchased a new stake in shares of First Majestic Silver during the fourth quarter worth $86,000. 27.16% of the stock is currently owned by institutional investors.

First Majestic Silver Price Performance

Shares of AG traded up $0.26 during trading hours on Friday, reaching $6.28. 26,349,722 shares of the company's stock traded hands, compared to its average volume of 11,648,314. First Majestic Silver Corp. has a 12 month low of $4.43 and a 12 month high of $8.44. 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 market cap of $3.04 billion, a PE ratio of -17.93 and a beta of 0.97. The firm's 50 day simple moving average is $6.04 and its 200-day simple moving average is $6.17.

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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 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The company had revenue of $172.34 million during the quarter, compared to analysts' expectations of $227.77 million. Equities analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

The business 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 is an increase from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, February 28th. First Majestic Silver's payout ratio is currently -5.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AG. StockNews.com upgraded First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. HC Wainwright reaffirmed a "buy" rating and set a $11.00 target price on shares of First Majestic Silver in a report on Friday, February 21st. National Bankshares restated 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 note on Monday, March 10th. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $6.00 target price on shares of First Majestic Silver in a report on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, First Majestic Silver presently has a consensus rating of "Hold" and an average price target 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.