First Majestic Silver Corp. (NYSE:AG) Shares Bought by Virtu Financial LLC

Virtu Financial LLC lifted its holdings in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 28.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,527 shares of the mining company’s stock after acquiring an additional 38,171 shares during the period. Virtu Financial LLC owned approximately 0.06% of First Majestic Silver worth $958,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AG. Barclays PLC purchased a new position in shares of First Majestic Silver in the third quarter valued at $2,419,000. Realta Investment Advisors boosted its stake in shares of First Majestic Silver by 16.8% in the fourth quarter. Realta Investment Advisors now owns 497,726 shares of the mining company’s stock valued at $2,882,000 after purchasing an additional 71,456 shares during the period. National Bank of Canada FI boosted its stake in shares of First Majestic Silver by 18.0% in the third quarter. National Bank of Canada FI now owns 683,627 shares of the mining company’s stock valued at $4,102,000 after purchasing an additional 104,092 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of First Majestic Silver in the third quarter valued at $748,000. Finally, XTX Topco Ltd boosted its stake in shares of First Majestic Silver by 1,510.1% in the third 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. Institutional investors and hedge funds own 27.16% of the company’s stock.

First Majestic Silver Trading Down 1.6 %

NYSE AG opened at $6.94 on Monday. First Majestic Silver Corp. has a 12 month low of $4.43 and a 12 month high of $8.44. 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 $3.36 billion, a price-to-earnings ratio of -19.84 and a beta of 1.16. The company’s fifty day moving average price is $5.85 and its two-hundred day moving average price is $6.11.

First Majestic Silver (NYSE:AG) (TSE:FR) last posted its quarterly earnings results on Thursday, February 20th. The mining company reported $0.03 earnings per share (EPS) 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 business had revenue of $172.34 million during the quarter, compared to the consensus estimate of $227.77 million. As a group, research analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.0057 dividend. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, February 28th. First Majestic Silver’s dividend payout ratio (DPR) is presently -5.71%.

Analyst Upgrades and Downgrades

AG has been the subject of several analyst reports. StockNews.com upgraded shares of First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Scotiabank reduced their price objective on shares of 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 reiterated a “buy” rating and set a $11.00 price objective on shares of First Majestic Silver in a research note on Friday, February 21st. Finally, TD Securities upgraded shares of First Majestic Silver to a “hold” rating in a research note on Monday, March 10th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.