Trexquant Investment LP Purchases 633,413 Shares of First Majestic Silver Corp. (NYSE:AG)

Trexquant Investment LP lifted its holdings in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 161.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,026,729 shares of the mining company's stock after acquiring an additional 633,413 shares during the period. Trexquant Investment LP owned approximately 0.33% of First Majestic Silver worth $5,637,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of First Majestic Silver by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 144,011 shares of the mining company's stock valued at $799,000 after buying an additional 7,110 shares during the period. National Bank of Canada FI grew its holdings in First Majestic Silver by 19.4% during the fourth quarter. National Bank of Canada FI now owns 816,288 shares of the mining company's stock worth $4,485,000 after buying an additional 132,661 shares in the last quarter. Franklin Resources Inc. boosted its holdings in First Majestic Silver by 8.3% during the fourth quarter. Franklin Resources Inc. now owns 23,240 shares of the mining company's stock worth $128,000 after purchasing an additional 1,776 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of First Majestic Silver by 17.5% during the fourth quarter. Alliancebernstein L.P. now owns 84,223 shares of the mining company's stock valued at $462,000 after acquiring an additional 12,520 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new position in shares of First Majestic Silver in the 4th quarter worth about $109,000. 27.16% of the stock is owned by institutional investors and hedge funds.

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First Majestic Silver Price Performance

Shares of NYSE:AG traded up $0.01 on Thursday, hitting $5.94. The company's stock had a trading volume of 14,515,610 shares, compared to its average volume of 11,545,432. First Majestic Silver Corp. has a 1 year low of $4.43 and a 1 year high of $8.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.56 and a quick ratio of 2.12. The company has a market capitalization of $2.87 billion, a PE ratio of -16.91 and a beta of 0.97. The company has a 50-day simple moving average of $6.03 and a 200 day simple moving average of $6.18.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last released 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 company had revenue of $172.34 million during the quarter, compared to analysts' expectations of $227.77 million. First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. Sell-side analysts forecast that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.0057 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.02 annualized dividend and a yield of 0.38%. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.00. First Majestic Silver's dividend payout ratio is currently -5.71%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. TD Securities upgraded First Majestic Silver to a "hold" rating in a research note on Monday, March 10th. HC Wainwright reissued a "buy" rating and issued a $11.00 price target on shares of First Majestic Silver in a research report on Friday, February 21st. National Bankshares reaffirmed a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. Scotiabank reissued a "sector perform" rating and set a $6.00 target price on shares of First Majestic Silver in a report on Wednesday, April 2nd. Finally, StockNews.com raised First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $8.50.

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.