National Bank of Canada FI Grows Position in First Majestic Silver Corp. (NYSE:AG)

National Bank of Canada FI lifted its position in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 18.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 683,627 shares of the mining company's stock after purchasing an additional 104,092 shares during the quarter. National Bank of Canada FI owned about 0.23% of First Majestic Silver worth $4,102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AG. Cetera Advisors LLC grew its position in First Majestic Silver by 3.1% in the first quarter. Cetera Advisors LLC now owns 53,577 shares of the mining company's stock worth $315,000 after acquiring an additional 1,601 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of First Majestic Silver by 77.3% in the 3rd quarter. Blue Trust Inc. now owns 5,166 shares of the mining company's stock worth $31,000 after purchasing an additional 2,253 shares during the period. Veracity Capital LLC raised its holdings in First Majestic Silver by 18.5% during the 3rd quarter. Veracity Capital LLC now owns 17,344 shares of the mining company's stock valued at $104,000 after buying an additional 2,710 shares during the period. International Assets Investment Management LLC raised its holdings in First Majestic Silver by 39.5% during the 2nd quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company's stock valued at $83,000 after buying an additional 3,960 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in First Majestic Silver by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 238,618 shares of the mining company's stock worth $1,411,000 after buying an additional 3,980 shares during the last quarter. 27.16% of the stock is owned by institutional investors.

First Majestic Silver Stock Performance

Shares of AG traded down $0.17 during trading hours on Friday, hitting $6.03. The company had a trading volume of 8,929,112 shares, compared to its average volume of 8,436,364. The company has a current ratio of 3.03, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. First Majestic Silver Corp. has a one year low of $4.17 and a one year high of $8.44. The company's fifty day moving average price is $6.66 and its two-hundred day moving average price is $6.23.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings data on Thursday, November 7th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.12). First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%. The firm had revenue of $146.09 million during the quarter. Equities research analysts expect that First Majestic Silver Corp. will post -0.17 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.0048 dividend. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Friday, November 15th. First Majestic Silver's dividend payout ratio (DPR) is presently -7.41%.

Analyst Ratings Changes

AG has been the subject of several analyst reports. HC Wainwright reissued a "buy" rating and issued a $8.50 price objective on shares of First Majestic Silver in a research note on Friday, October 18th. Cormark raised First Majestic Silver from a "hold" rating to a "moderate buy" rating in a research note on Friday, September 6th.

First Majestic Silver 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.