Sprott Inc. Buys 136,348 Shares of First Majestic Silver Corp. (NYSE:AG)

Sprott Inc. lifted its stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 26.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 655,445 shares of the mining company's stock after buying an additional 136,348 shares during the quarter. Sprott Inc. owned about 0.21% of First Majestic Silver worth $3,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Pine Valley Investments Ltd Liability Co increased its position in shares of First Majestic Silver by 6.1% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 186,978 shares of the mining company's stock valued at $1,027,000 after buying an additional 10,686 shares during the period. CIBC Asset Management Inc increased its position in shares of First Majestic Silver by 0.6% during the fourth quarter. CIBC Asset Management Inc now owns 370,255 shares of the mining company's stock valued at $2,030,000 after buying an additional 2,288 shares during the period. Allworth Financial LP increased its position 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 buying an additional 4,591 shares during the period. Principal Securities Inc. increased its position in shares of First Majestic Silver by 30.3% during the fourth quarter. Principal Securities Inc. now owns 21,500 shares of the mining company's stock valued at $118,000 after buying an additional 5,000 shares during the period. Finally, Realta Investment Advisors increased its position in shares of First Majestic Silver by 16.8% during the fourth quarter. Realta Investment Advisors now owns 497,726 shares of the mining company's stock valued at $2,882,000 after buying an additional 71,456 shares during the period. Hedge funds and other institutional investors own 27.16% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AG shares. HC Wainwright restated a "buy" rating and issued a $11.00 price objective on shares of First Majestic Silver in a report 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 cut their price objective on shares of First Majestic Silver from $6.50 to $6.00 and set a "sector perform" rating on the stock in a report on Wednesday, January 15th.

First Majestic Silver Stock Up 0.1 %

AG traded up $0.01 during midday trading on Friday, reaching $5.36. The company's stock had a trading volume of 24,668,590 shares, compared to its average volume of 18,727,994. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -15.30 and a beta of 1.24. 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 1 year low of $4.43 and a 1 year high of $8.44. The stock's 50-day moving average is $5.65 and its 200-day moving average is $6.03.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share (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, research analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.0057 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from First Majestic Silver's previous quarterly dividend of $0.00. First Majestic Silver's dividend payout ratio is currently -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.