First Majestic Silver Corp. (NYSE:AG) Shares Purchased by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC boosted its position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,723 shares of the mining company’s stock after purchasing an additional 4,512 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in First Majestic Silver were worth $262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AG. Dimensional Fund Advisors LP raised its position in shares of First Majestic Silver by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,158,908 shares of the mining company’s stock valued at $18,701,000 after buying an additional 103,232 shares during the last quarter. Hsbc Holdings PLC raised its holdings in First Majestic Silver by 7.7% in the 2nd quarter. Hsbc Holdings PLC now owns 103,002 shares of the mining company’s stock valued at $610,000 after acquiring an additional 7,371 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of First Majestic Silver during the 2nd quarter worth approximately $3,904,000. Cubist Systematic Strategies LLC grew its position in shares of First Majestic Silver by 60.6% in the second quarter. Cubist Systematic Strategies LLC now owns 80,164 shares of the mining company’s stock valued at $474,000 after purchasing an additional 30,260 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of First Majestic Silver by 34.4% in the second quarter. Toronto Dominion Bank now owns 27,549 shares of the mining company’s stock valued at $163,000 after purchasing an additional 7,052 shares during the last quarter. Hedge funds and other institutional investors own 27.16% of the company’s stock.

First Majestic Silver Stock Up 0.3 %

NYSE AG opened at $5.63 on Friday. The stock has a fifty day simple moving average of $5.93 and a 200-day simple moving average of $6.07. The company has a current ratio of 3.03, a quick ratio of 2.45 and a debt-to-equity ratio of 0.16. 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 announced its earnings results on Thursday, November 7th. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.12). The company had revenue of $146.09 million for the quarter. First Majestic Silver had a negative return on equity of 4.19% and a negative net margin of 14.89%. On average, sell-side analysts expect that First Majestic Silver Corp. will post -0.16 earnings per share for the current year.

First Majestic Silver Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a dividend of $0.0048 per share. This is a positive change from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Friday, November 15th. First Majestic Silver’s dividend payout ratio (DPR) is currently -7.41%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AG shares. Scotiabank lowered their price objective on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 15th. HC Wainwright restated a “buy” rating and set a $11.00 price objective on shares of First Majestic Silver in a research report on Friday, January 10th.

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.