Quantbot Technologies LP Increases Stock Position in First Majestic Silver Corp. (NYSE:AG)

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

Several other institutional investors also recently bought and sold shares of the company. Semanteon Capital Management LP raised its stake in First Majestic Silver by 374.7% in the fourth quarter. Semanteon Capital Management LP now owns 262,067 shares of the mining company's stock valued at $1,439,000 after buying an additional 206,865 shares during the last quarter. Northwest & Ethical Investments L.P. grew its position in First Majestic Silver by 23.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 21,419 shares of the mining company's stock worth $118,000 after purchasing an additional 4,009 shares during the period. Signaturefd LLC raised its position in First Majestic Silver by 472.6% during the fourth quarter. Signaturefd LLC now owns 21,020 shares of the mining company's stock valued at $115,000 after acquiring an additional 17,349 shares in the last quarter. Swiss National Bank lifted its stake in shares of First Majestic Silver by 4.0% in the 4th quarter. Swiss National Bank now owns 595,700 shares of the mining company's stock valued at $3,272,000 after purchasing an additional 23,100 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of First Majestic Silver during the 4th quarter worth about $981,000. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

AG has been the topic of a number of research analyst reports. HC Wainwright reissued a "buy" rating and issued a $11.00 price target on shares of First Majestic Silver in a research note on Friday, February 21st. TD Securities raised First Majestic Silver to a "hold" rating in a report on Monday, March 10th. StockNews.com raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research note 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 on the stock in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, First Majestic Silver currently has an average rating of "Hold" and a consensus price target of $8.50.

First Majestic Silver Trading Up 2.6 %

First Majestic Silver stock traded up $0.18 during midday trading on Thursday, reaching $6.97. 14,723,002 shares of the stock traded hands, compared to its average volume of 11,171,296. The company has a 50-day simple moving average of $5.92 and a two-hundred day simple moving average of $6.15. 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 firm has a market cap of $3.37 billion, a PE ratio of -19.90 and a beta of 1.16.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last released its earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The company had revenue of $172.34 million during the quarter, compared to analysts' expectations of $227.77 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. 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 announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.0057 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Friday, February 28th. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.00. First Majestic Silver's dividend payout ratio (DPR) is -5.71%.

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.