Oxbow Advisors LLC Sells 9,272 Shares of First Majestic Silver Corp. (NYSE:AG)

Oxbow Advisors LLC trimmed its position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 21.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,404 shares of the mining company’s stock after selling 9,272 shares during the period. Oxbow Advisors LLC’s holdings in First Majestic Silver were worth $189,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AG. Van ECK Associates Corp boosted its holdings in First Majestic Silver by 2.7% in the 3rd quarter. Van ECK Associates Corp now owns 28,912,989 shares of the mining company’s stock valued at $173,478,000 after purchasing an additional 764,790 shares during the period. Barclays PLC bought a new position in First Majestic Silver in the 3rd quarter valued at $2,419,000. Quantbot Technologies LP bought a new position in First Majestic Silver in the 3rd quarter valued at $2,057,000. XTX Topco Ltd boosted its holdings in First Majestic Silver by 1,510.1% in the 3rd quarter. XTX Topco Ltd now owns 271,748 shares of the mining company’s stock valued at $1,630,000 after purchasing an additional 254,870 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in First Majestic Silver in the 3rd quarter valued at $748,000. 27.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on AG shares. Scotiabank dropped their price objective on shares of First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th. HC Wainwright reaffirmed a “buy” rating and set a $11.00 price objective on shares of First Majestic Silver in a report on Friday. Finally, StockNews.com raised shares of First Majestic Silver from a “sell” rating to a “hold” rating in a report on Friday.

First Majestic Silver Stock Performance

NYSE AG opened at $5.55 on Friday. The company has a market capitalization of $1.73 billion, a P/E ratio of -15.84 and a beta of 1.24. The company has a fifty day moving average of $5.67 and a 200-day moving average of $6.02. First Majestic Silver Corp. has a 52-week low of $4.28 and a 52-week high of $8.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.45 and a current ratio of 3.03.

First Majestic Silver (NYSE:AG) (TSE:FR) last issued its earnings results on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $172.34 million during the quarter, compared to analysts’ expectations of $227.77 million. First Majestic Silver had a negative return on equity of 3.06% and a negative net margin of 18.17%. As a group, equities research analysts predict that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.0057 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Friday, February 28th. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s dividend payout ratio (DPR) is presently -5.71%.

First Majestic Silver 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.