233,461 Shares in First Majestic Silver Corp. (NYSE:AG) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new stake in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 233,461 shares of the mining company’s stock, valued at approximately $1,373,000. Virtu Financial LLC owned 0.08% of First Majestic Silver at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of First Majestic Silver by 5.1% during the 1st quarter. Van ECK Associates Corp now owns 31,876,555 shares of the mining company’s stock worth $187,433,000 after acquiring an additional 1,534,710 shares in the last quarter. Vanguard Group Inc. lifted its holdings in First Majestic Silver by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 10,451,621 shares of the mining company’s stock worth $61,456,000 after purchasing an additional 186,570 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of First Majestic Silver by 4.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,985,680 shares of the mining company’s stock worth $43,071,000 after buying an additional 266,864 shares during the period. Tidal Investments LLC boosted its holdings in First Majestic Silver by 6,929.4% during the first quarter. Tidal Investments LLC now owns 5,174,889 shares of the mining company’s stock valued at $30,406,000 after acquiring an additional 5,101,271 shares during the period. Finally, Sprott Inc. boosted its stake in First Majestic Silver by 0.5% during the 4th quarter. Sprott Inc. now owns 787,862 shares of the mining company’s stock valued at $4,838,000 after purchasing an additional 4,257 shares during the period. Institutional investors own 27.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Scotiabank increased their price objective on shares of First Majestic Silver from $5.50 to $6.50 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd. HC Wainwright reissued a “buy” rating and issued a $8.50 price target on shares of First Majestic Silver in a research report on Friday.

First Majestic Silver Trading Down 5.3 %

AG stock traded down $0.28 during midday trading on Friday, reaching $5.07. The stock had a trading volume of 11,456,584 shares, compared to its average volume of 7,706,985. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -30.75 and a beta of 1.32. First Majestic Silver Corp. has a twelve month low of $4.17 and a twelve month high of $8.44. The company has a quick ratio of 1.77, a current ratio of 2.33 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $6.35 and a two-hundred day simple moving average of $6.04.

First Majestic Silver (NYSE:AG) (TSE:FR) last released its earnings results on Thursday, August 1st. The mining company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.09). The business had revenue of $136.20 million for the quarter, compared to analyst estimates of $129.74 million. First Majestic Silver had a negative return on equity of 3.28% and a negative net margin of 9.18%. First Majestic Silver’s revenue was down 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) EPS. As a group, research analysts expect that First Majestic Silver Corp. will post -0.03 EPS for the current fiscal year.

First Majestic Silver Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.0046 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Friday, August 16th. First Majestic Silver’s dividend payout ratio is currently -6.25%.

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.