First Majestic Silver Corp. (NYSE:AG) Stock Position Raised by Semanteon Capital Management LP

Semanteon Capital Management LP lifted its position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 374.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 262,067 shares of the mining company’s stock after acquiring an additional 206,865 shares during the quarter. Semanteon Capital Management LP owned approximately 0.08% of First Majestic Silver worth $1,439,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP lifted its position in shares of First Majestic Silver by 805.4% in the 4th quarter. Allworth Financial LP now owns 5,161 shares of the mining company’s stock valued at $29,000 after acquiring an additional 4,591 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of First Majestic Silver in the 4th quarter valued at approximately $55,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of First Majestic Silver in the 3rd quarter valued at approximately $70,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of First Majestic Silver in the 4th quarter valued at approximately $82,000. Finally, Fiduciary Family Office LLC acquired a new position in First Majestic Silver in the 4th quarter valued at approximately $86,000. Hedge funds and other institutional investors own 27.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on AG. Scotiabank lowered their price target on shares of 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. HC Wainwright restated a “buy” rating and issued a $11.00 target price on shares of First Majestic Silver in a research note on Friday, February 21st. TD Securities raised First Majestic Silver to a “hold” rating in a research note on Monday, March 10th. Finally, StockNews.com raised First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.50.

First Majestic Silver Trading Down 2.7 %

First Majestic Silver stock opened at $7.05 on Friday. First Majestic Silver Corp. has a one year low of $4.43 and a one year high of $8.44. The company’s fifty day moving average price is $5.83 and its two-hundred day moving average price is $6.09. 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 $3.41 billion, a price-to-earnings ratio of -20.15 and a beta of 1.16.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $172.34 million during the quarter, compared to analyst estimates of $227.77 million. On average, analysts forecast that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.0057 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.32%. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s payout ratio is currently -5.71%.

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.