55,202 Shares in First Majestic Silver Corp. (NYSE:AG) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new position in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,202 shares of the mining company’s stock, valued at approximately $331,000.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in First Majestic Silver by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 10,451,621 shares of the mining company’s stock valued at $61,456,000 after acquiring an additional 186,570 shares in the last quarter. Marshall Wace LLP purchased a new stake in First Majestic Silver during the 2nd quarter valued at about $3,904,000. Virtu Financial LLC purchased a new stake in First Majestic Silver during the 1st quarter valued at about $1,373,000. Dimensional Fund Advisors LP grew its stake in First Majestic Silver by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,158,908 shares of the mining company’s stock valued at $18,701,000 after acquiring an additional 103,232 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of First Majestic Silver by 145.4% in the 1st quarter. SG Americas Securities LLC now owns 424,917 shares of the mining company’s stock valued at $2,499,000 after buying an additional 251,741 shares during the period. Institutional investors and hedge funds own 27.16% of the company’s stock.

First Majestic Silver Price Performance

First Majestic Silver stock opened at $7.65 on Tuesday. First Majestic Silver Corp. has a 52-week low of $4.17 and a 52-week high of $8.44. The company’s 50 day moving average is $6.13 and its two-hundred day moving average is $6.35. The firm has a market cap of $2.22 billion, a PE ratio of -47.81 and a beta of 1.36. The company has a quick ratio of 2.44, a current ratio of 3.05 and a debt-to-equity ratio of 0.17.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings data on Thursday, August 1st. The mining company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). First Majestic Silver had a negative net margin of 15.37% and a negative return on equity of 4.39%. The firm had revenue of $136.20 million during the quarter, compared to analyst estimates of $129.74 million. During the same quarter in the previous year, the business posted ($0.02) earnings per share. First Majestic Silver’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, research analysts expect that First Majestic Silver Corp. will post -0.13 EPS for the current fiscal year.

First Majestic Silver Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.0046 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, August 16th. First Majestic Silver’s dividend payout ratio (DPR) is -6.25%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Cormark raised shares of First Majestic Silver from a “hold” rating to a “moderate buy” rating in a research note on Friday, September 6th. HC Wainwright restated a “buy” rating and issued a $8.50 price objective on shares of First Majestic Silver in a report on Friday, October 18th.

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.