Private Advisor Group LLC Lowers Position in First Majestic Silver Corp. (NYSE:AG)

Private Advisor Group LLC trimmed its holdings in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 34.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,420 shares of the mining company's stock after selling 69,162 shares during the period. Private Advisor Group LLC's holdings in First Majestic Silver were worth $711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Toronto Dominion Bank grew its stake in First Majestic Silver by 6.7% in the 3rd quarter. Toronto Dominion Bank now owns 29,404 shares of the mining company's stock valued at $176,000 after buying an additional 1,855 shares in the last quarter. Blue Trust Inc. grew its position in shares of First Majestic Silver by 77.3% in the third quarter. Blue Trust Inc. now owns 5,166 shares of the mining company's stock valued at $31,000 after purchasing an additional 2,253 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of First Majestic Silver by 0.6% during the 4th quarter. CIBC Asset Management Inc now owns 370,255 shares of the mining company's stock valued at $2,030,000 after purchasing an additional 2,288 shares during the period. Euro Pacific Asset Management LLC lifted its holdings in First Majestic Silver by 10.9% during the 4th quarter. Euro Pacific Asset Management LLC now owns 45,723 shares of the mining company's stock worth $262,000 after purchasing an additional 4,512 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in First Majestic Silver by 805.4% in the 4th 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 during the period. 27.16% of the stock is owned by hedge funds and other institutional investors.

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First Majestic Silver Price Performance

Shares of AG traded up $0.45 during midday trading on Wednesday, reaching $5.83. The stock had a trading volume of 17,368,510 shares, compared to its average volume of 10,335,304. 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 company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -16.64 and a beta of 1.24. The company's 50-day moving average is $5.65 and its 200 day moving average is $6.03. First Majestic Silver Corp. has a 12-month low of $4.43 and a 12-month high of $8.44.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly 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 business had revenue of $172.34 million for the quarter, compared to the consensus estimate of $227.77 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. On average, equities analysts predict that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.0057 per share. The ex-dividend date is Friday, February 28th. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a yield of 0.39%. First Majestic Silver's dividend payout ratio is currently -5.71%.

Wall Street Analyst Weigh In

AG has been the subject of several recent analyst reports. StockNews.com raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Scotiabank lowered their price objective on First Majestic Silver from $6.50 to $6.00 and set a "sector perform" rating on the stock in a research report on Wednesday, January 15th. Finally, HC Wainwright restated a "buy" rating and set a $11.00 target price on shares of First Majestic Silver in a research report on Friday, February 21st.

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.