First Majestic Silver Corp. (NYSE:AG) Shares Sold by Amundi

Amundi reduced its stake in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,464,859 shares of the mining company’s stock after selling 250,201 shares during the period. Amundi owned approximately 0.47% of First Majestic Silver worth $8,613,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AG. CIBC Asset Management Inc grew its stake in First Majestic Silver by 3.1% during the 3rd quarter. CIBC Asset Management Inc now owns 367,967 shares of the mining company’s stock valued at $2,210,000 after purchasing an additional 11,198 shares in the last quarter. Euro Pacific Asset Management LLC boosted its stake in shares of First Majestic Silver by 14.4% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 41,211 shares of the mining company’s stock valued at $251,000 after buying an additional 5,181 shares during the last quarter. Sage Advisors LLC acquired a new stake in shares of First Majestic Silver during the third quarter worth approximately $112,000. Dynamic Technology Lab Private Ltd increased its stake in shares of First Majestic Silver by 14.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 93,751 shares of the mining company’s stock worth $563,000 after buying an additional 11,939 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in First Majestic Silver by 4.7% in the third quarter. The Manufacturers Life Insurance Company now owns 249,929 shares of the mining company’s stock valued at $1,502,000 after acquiring an additional 11,311 shares in the last quarter. 27.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com upgraded First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. TD Securities upgraded First Majestic Silver to a “hold” rating in a research report on Monday, March 10th. Scotiabank dropped their price target on First Majestic Silver from $6.50 to $6.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 15th. Finally, HC Wainwright restated a “buy” rating and set a $11.00 price objective on shares of First Majestic Silver in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.50.

First Majestic Silver Trading Up 0.1 %

Shares of First Majestic Silver stock opened at $6.69 on Friday. The business has a fifty day simple moving average of $5.72 and a 200-day simple moving average of $6.05. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of -19.10 and a beta of 1.16. First Majestic Silver Corp. has a fifty-two week low of $4.43 and a fifty-two week high of $8.44. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16.

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 the consensus estimate of $0.05 by ($0.02). The company had revenue of $172.34 million during the quarter, compared to the consensus estimate of $227.77 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. On average, equities analysts forecast that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.0057 per share. This is an increase from First Majestic Silver’s previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a yield of 0.34%. The ex-dividend date was Friday, February 28th. First Majestic Silver’s payout ratio is -5.71%.

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.