Quantbot Technologies LP Buys Shares of 342,793 First Majestic Silver Corp. (NYSE:AG)

Quantbot Technologies LP acquired a new stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 342,793 shares of the mining company's stock, valued at approximately $2,057,000. Quantbot Technologies LP owned about 0.11% of First Majestic Silver as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in First Majestic Silver by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 10,451,621 shares of the mining company's stock worth $61,456,000 after buying an additional 186,570 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of First Majestic Silver during the second quarter worth approximately $3,904,000. Dimensional Fund Advisors LP grew its stake in shares of First Majestic Silver by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 3,158,908 shares of the mining company's stock valued at $18,701,000 after purchasing an additional 103,232 shares during the last quarter. Raymond James & Associates grew its stake in shares of First Majestic Silver by 17.7% during the third quarter. Raymond James & Associates now owns 558,096 shares of the mining company's stock valued at $3,349,000 after purchasing an additional 83,867 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of First Majestic Silver by 2.7% in the third quarter. Van ECK Associates Corp now owns 28,912,989 shares of the mining company's stock valued at $173,478,000 after purchasing an additional 764,790 shares in the last quarter. Institutional investors and hedge funds own 27.16% of the company's stock.

First Majestic Silver Trading Down 0.5 %

Shares of AG traded down $0.03 during trading hours on Friday, reaching $6.11. The stock had a trading volume of 5,139,285 shares, compared to its average volume of 8,418,775. The company has a market cap of $1.84 billion, a P/E ratio of -22.63 and a beta of 1.31. First Majestic Silver Corp. has a 52 week low of $4.17 and a 52 week high of $8.44. The company has a quick ratio of 2.45, a current ratio of 3.03 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $6.66 and a 200 day moving average of $6.31.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its quarterly earnings results on Thursday, November 7th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $146.09 million during the quarter. On average, sell-side analysts expect that First Majestic Silver Corp. will post -0.17 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.0048 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.02 dividend on an annualized basis and a yield of 0.31%. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.00. First Majestic Silver's payout ratio is presently -3.70%.

Analyst Ratings Changes

AG has been the topic of a number of recent research reports. Cormark upgraded First Majestic Silver from a "hold" rating to a "moderate buy" rating in a research 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 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.