Duality Advisers LP Takes $478,000 Position in First Majestic Silver Corp. (NYSE:AG)

Duality Advisers LP purchased a new position in shares of First Majestic Silver Corp. (NYSE:AG – Get Rating) (TSE:FR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 62,703 shares of the mining company’s stock, valued at approximately $478,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can purchased a new position in First Majestic Silver during the 3rd quarter worth approximately $90,000. U.S. Capital Wealth Advisors LLC lifted its position in First Majestic Silver by 7.0% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 30,700 shares of the mining company’s stock worth $234,000 after acquiring an additional 2,000 shares during the period. Aire Advisors LLC acquired a new stake in First Majestic Silver during the 3rd quarter worth approximately $95,000. Raymond James Financial Services Advisors Inc. lifted its position in First Majestic Silver by 123.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 24,821 shares of the mining company’s stock worth $189,000 after acquiring an additional 13,698 shares during the period. Finally, BerganKDV Wealth Management LLC lifted its position in First Majestic Silver by 94.4% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 4,000 shares of the mining company’s stock worth $30,000 after acquiring an additional 1,942 shares during the period. Hedge funds and other institutional investors own 30.40% of the company’s stock.

Wall Street Analysts Forecast Growth

AG has been the subject of a number of recent research reports. HC Wainwright decreased their price objective on First Majestic Silver from $12.50 to $12.00 and set a “buy” rating for the company in a research report on Friday, January 20th. BMO Capital Markets decreased their price objective on First Majestic Silver from C$10.50 to C$9.00 in a research report on Friday, January 20th. Citigroup set a $8.00 price objective on First Majestic Silver in a research report on Thursday, October 20th. TD Securities raised their price target on First Majestic Silver from C$11.00 to C$12.00 in a report on Thursday, November 10th. Finally, National Bank Financial raised their price target on First Majestic Silver from C$13.00 to C$14.50 in a report on Friday, January 13th.

First Majestic Silver Price Performance

AG opened at $8.05 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.88 and a quick ratio of 1.51. The business has a 50 day simple moving average of $8.82 and a 200-day simple moving average of $8.19. First Majestic Silver Corp. has a 12 month low of $6.31 and a 12 month high of $14.59.

First Majestic Silver (NYSE:AG – Get Rating) (TSE:FR) last released its quarterly earnings data on Wednesday, November 9th. The mining company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). First Majestic Silver had a negative net margin of 14.90% and a negative return on equity of 2.18%. The firm had revenue of $159.75 million during the quarter. On average, research analysts anticipate that First Majestic Silver Corp. will post -0.22 EPS for the current year.

First Majestic Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 2nd. Investors of record on Tuesday, November 22nd were paid a $0.0061 dividend. This represents a $0.02 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Monday, November 21st. First Majestic Silver’s payout ratio is currently -5.13%.

About First Majestic Silver

(Get Rating)

First Majestic Silver Corp. engages in the production, development, exploration and acquisition of mineral properties. It owns and operates producing mines in México including the La Encantada Silver Mine, La Parrilla Silver Mine, San Martin Silver Mine, La Guitarra Silver Mine, Del Toro Silver Mine, Santa Elena Silver & Gold Mine, and San Dimas Silver & Gold Mine.