Duality Advisers LP Acquires 47,056 Shares of First Majestic Silver Corp. (NYSE:AG)

Duality Advisers LP grew its position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 69.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 114,412 shares of the mining company’s stock after acquiring an additional 47,056 shares during the quarter. Duality Advisers LP’s holdings in First Majestic Silver were worth $704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AG. Van ECK Associates Corp boosted its position in shares of First Majestic Silver by 3.8% during the 3rd quarter. Van ECK Associates Corp now owns 29,631,966 shares of the mining company’s stock valued at $152,012,000 after acquiring an additional 1,079,150 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of First Majestic Silver by 4.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,985,680 shares of the mining company’s stock valued at $43,071,000 after acquiring an additional 266,864 shares during the last quarter. Realta Investment Advisors bought a new position in shares of First Majestic Silver during the 4th quarter valued at approximately $1,357,000. Jump Financial LLC boosted its position in shares of First Majestic Silver by 471.2% during the 3rd quarter. Jump Financial LLC now owns 155,657 shares of the mining company’s stock valued at $799,000 after acquiring an additional 128,405 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of First Majestic Silver by 446.6% during the 4th quarter. International Assets Investment Management LLC now owns 148,154 shares of the mining company’s stock valued at $911,000 after acquiring an additional 121,049 shares during the last quarter. 27.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AG shares. StockNews.com upgraded First Majestic Silver to a “sell” rating in a report on Monday, February 26th. HC Wainwright increased their price target on First Majestic Silver from $7.00 to $8.50 and gave the company a “buy” rating in a report on Friday, April 19th.

First Majestic Silver Trading Down 0.2 %

AG stock opened at $6.81 on Thursday. The company has a current ratio of 2.57, a quick ratio of 2.04 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $5.85 and its two-hundred day simple moving average is $5.53. First Majestic Silver Corp. has a twelve month low of $4.17 and a twelve month high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its quarterly earnings data on Thursday, February 22nd. The mining company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. First Majestic Silver had a negative return on equity of 1.85% and a negative net margin of 23.55%. The company had revenue of $136.95 million for the quarter. During the same period in the previous year, the business earned ($0.07) EPS. As a group, analysts predict that First Majestic Silver Corp. will post -0.01 earnings per share for the current year.

First Majestic Silver Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.0048 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.02 dividend on an annualized basis and a yield of 0.28%. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio (DPR) is presently -4.17%.

About First Majestic Silver

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.