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

Virtu Financial LLC increased its position in First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 28.0% during the fourth quarter, Holdings Channel reports. The fund owned 174,527 shares of the mining company’s stock after purchasing an additional 38,171 shares during the quarter. Virtu Financial LLC’s holdings in First Majestic Silver were worth $958,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of AG. Allworth Financial LP increased its holdings in shares of First Majestic Silver by 805.4% in the 4th quarter. Allworth Financial LP now owns 5,161 shares of the mining company’s stock worth $29,000 after acquiring an additional 4,591 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of First Majestic Silver in the 4th quarter worth about $55,000. Y Intercept Hong Kong Ltd acquired a new position in First Majestic Silver during the 3rd quarter valued at about $70,000. Kingswood Wealth Advisors LLC acquired a new position in First Majestic Silver during the 4th quarter valued at about $82,000. Finally, Fiduciary Family Office LLC acquired a new position in First Majestic Silver during the 4th quarter valued at about $86,000. Institutional investors and hedge funds own 27.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AG shares. HC Wainwright reissued a “buy” rating and set a $11.00 target price on shares of First Majestic Silver in a research note on Friday, February 21st. TD Securities raised shares of First Majestic Silver to a “hold” rating in a research note on Monday, March 10th. StockNews.com raised shares of First Majestic Silver from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Scotiabank lowered their target price 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. 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.50.

First Majestic Silver Stock Performance

Shares of AG opened at $6.94 on Monday. The firm’s 50 day moving average is $5.85 and its 200-day moving average is $6.11. The stock has a market capitalization of $3.36 billion, a P/E ratio of -19.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.56 and a quick ratio of 2.12. First Majestic Silver Corp. has a 12-month low of $4.43 and a 12-month high of $8.44.

First Majestic Silver (NYSE:AG) (TSE:FR) last announced its quarterly earnings data 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 business had revenue of $172.34 million during the quarter, compared to analyst estimates of $227.77 million. First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. Equities research analysts anticipate that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.0057 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.02 annualized dividend and a dividend yield of 0.33%. This is a boost from First Majestic Silver’s previous quarterly dividend of $0.00. First Majestic Silver’s payout ratio is currently -5.71%.

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.