124,662 Shares in First Majestic Silver Corp. (NYSE:AG) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 124,662 shares of the mining company's stock, valued at approximately $748,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of First Majestic Silver by 77.3% during the 3rd quarter. Blue Trust Inc. now owns 5,166 shares of the mining company's stock worth $31,000 after buying an additional 2,253 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in First Majestic Silver in the second quarter worth about $70,000. Creative Planning bought a new position in First Majestic Silver during the 3rd quarter worth about $72,000. Corundum Trust Company INC purchased a new position in First Majestic Silver during the 3rd quarter valued at about $72,000. Finally, International Assets Investment Management LLC raised its holdings in shares of First Majestic Silver by 39.5% in the 2nd quarter. International Assets Investment Management LLC now owns 13,995 shares of the mining company's stock valued at $83,000 after purchasing an additional 3,960 shares in the last quarter. 27.16% of the stock is owned by hedge funds and other institutional investors.

First Majestic Silver Stock Down 7.1 %

Shares of NYSE:AG traded down $0.47 during trading on Thursday, reaching $6.21. The stock had a trading volume of 9,601,428 shares, compared to its average volume of 8,434,235. The firm's 50-day simple moving average is $6.66 and its 200 day simple moving average is $6.23. 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 has a market capitalization of $1.87 billion, a P/E ratio of -22.98 and a beta of 1.25.

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

First Majestic Silver Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.0048 per share. This represents a $0.02 annualized dividend and a yield of 0.31%. This is an increase from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date was Friday, November 15th. First Majestic Silver's payout ratio is -3.70%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Cormark raised shares of First Majestic Silver from a "hold" rating to a "moderate buy" rating in a report on Friday, September 6th. HC Wainwright reiterated a "buy" rating and issued a $8.50 price target on shares of First Majestic Silver in a report on Friday, October 18th.

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.