Quantbot Technologies LP Purchases 133,196 Shares of First Majestic Silver Corp. (NYSE:AG)

Quantbot Technologies LP raised its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 38.9% in the fourth quarter, HoldingsChannel reports. The firm owned 475,989 shares of the mining company’s stock after acquiring an additional 133,196 shares during the period. Quantbot Technologies LP’s holdings in First Majestic Silver were worth $2,613,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AG. Allworth Financial LP raised its position in First Majestic Silver by 805.4% during the 4th 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 stake in First Majestic Silver during the 4th quarter valued at $55,000. Y Intercept Hong Kong Ltd bought a new stake in First Majestic Silver during the 3rd quarter valued at $70,000. Kingswood Wealth Advisors LLC bought a new stake in First Majestic Silver during the 4th quarter valued at $82,000. Finally, Fiduciary Family Office LLC bought a new stake in First Majestic Silver during the 4th quarter valued at $86,000. 27.16% of the stock is owned by institutional investors.

First Majestic Silver Stock Down 1.6 %

Shares of AG stock opened at $6.94 on Friday. First Majestic Silver Corp. has a 1-year low of $4.43 and a 1-year high of $8.44. The stock’s fifty day moving average price is $5.85 and its 200 day moving average price is $6.11. 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 cap of $3.36 billion, a price-to-earnings ratio of -19.84 and a beta of 1.16.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. The business had revenue of $172.34 million for the quarter, compared to analysts’ expectations of $227.77 million. On average, 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. Investors of record on Friday, February 28th were paid a dividend of $0.0057 per share. This represents a $0.02 annualized dividend and a yield of 0.33%. 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. First Majestic Silver’s payout ratio is -5.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com upgraded First Majestic Silver from a “sell” rating to a “hold” rating in a report on Friday, February 21st. TD Securities upgraded First Majestic Silver to a “hold” rating in a report on Monday, March 10th. Scotiabank cut their price target on 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. Finally, HC Wainwright reiterated a “buy” rating and issued a $11.00 price target on shares of First Majestic Silver in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.