Quantbot Technologies LP Raises Stock Holdings in First Majestic Silver Corp. (NYSE:AG)

Quantbot Technologies LP raised its position in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 38.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 475,989 shares of the mining company's stock after buying an additional 133,196 shares during the quarter. Quantbot Technologies LP owned about 0.15% of First Majestic Silver worth $2,613,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AG. Allworth Financial LP increased its stake in shares of First Majestic Silver by 805.4% during the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock valued at $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 during the 4th quarter valued at approximately $55,000. Y Intercept Hong Kong Ltd bought a new position in First Majestic Silver during the 3rd quarter valued at approximately $70,000. Kingswood Wealth Advisors LLC purchased a new position in First Majestic Silver during the fourth quarter valued at $82,000. Finally, Fiduciary Family Office LLC bought a new stake in First Majestic Silver in the fourth quarter worth $86,000. Institutional investors own 27.16% of the company's stock.

Analyst Upgrades and Downgrades

AG has been the subject of several recent analyst reports. TD Securities raised First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. HC Wainwright reiterated a "buy" rating and issued a $11.00 target price on shares of First Majestic Silver in a research note on Friday, February 21st. StockNews.com upgraded shares of First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, Scotiabank decreased their price target on First Majestic Silver from $6.50 to $6.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $8.50.

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First Majestic Silver Stock Performance

AG stock traded down $0.09 on Tuesday, hitting $6.88. The company had a trading volume of 15,061,064 shares, compared to its average volume of 11,076,570. The company has a current ratio of 2.56, a quick ratio of 2.12 and a debt-to-equity ratio of 0.16. First Majestic Silver Corp. has a 12-month low of $4.43 and a 12-month high of $8.44. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of -19.64 and a beta of 1.16. The stock's 50-day simple moving average is $5.87 and its 200 day simple moving average is $6.13.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings data on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The firm had revenue of $172.34 million during the quarter, compared to the consensus estimate of $227.77 million. First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. As a group, equities research analysts expect that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.0057 dividend. This is an increase from First Majestic Silver's previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.33%. First Majestic Silver's dividend payout ratio (DPR) is presently -5.71%.

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.