First Majestic Silver Corp. (NYSE:AG) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC boosted its holdings in shares of First Majestic Silver Corp. (NYSE:AG) (TSE:FR) by 135.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,596,866 shares of the mining company’s stock after purchasing an additional 7,816,177 shares during the period. First Majestic Silver makes up approximately 0.6% of Tidal Investments LLC’s holdings, making the stock its 18th biggest position. Tidal Investments LLC owned about 4.36% of First Majestic Silver worth $74,647,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Toronto Dominion Bank lifted its stake in First Majestic Silver by 57.4% during the fourth quarter. Toronto Dominion Bank now owns 46,269 shares of the mining company’s stock valued at $254,000 after purchasing an additional 16,865 shares during the last quarter. Numerai GP LLC lifted its stake in First Majestic Silver by 14.6% during the fourth quarter. Numerai GP LLC now owns 27,792 shares of the mining company’s stock valued at $153,000 after purchasing an additional 3,550 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of First Majestic Silver by 10.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 867,552 shares of the mining company’s stock valued at $4,763,000 after acquiring an additional 79,232 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in First Majestic Silver by 115.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 1,520,359 shares of the mining company’s stock worth $8,347,000 after purchasing an additional 814,153 shares during the period. Finally, Captrust Financial Advisors acquired a new position in First Majestic Silver in the 4th quarter worth approximately $58,000. 27.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AG. 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. National Bankshares reaffirmed a “sector perform” rating on shares of First Majestic Silver in a research note on Wednesday, April 2nd. HC Wainwright raised their price objective on shares of First Majestic Silver from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $6.00 price objective on shares of First Majestic Silver in a research note on Wednesday, April 2nd. Four investment 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 company has an average rating of “Hold” and a consensus price target of $8.75.

First Majestic Silver Trading Down 0.8%

Shares of NYSE:AG opened at $5.62 on Friday. The firm has a fifty day moving average of $6.29 and a two-hundred day moving average of $6.05. The firm has a market capitalization of $2.72 billion, a P/E ratio of -16.04 and a beta of 0.81. First Majestic Silver Corp. has a 12-month low of $4.43 and a 12-month high of $8.09. 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 issued its earnings results on Wednesday, May 7th. The mining company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $241.12 million for the quarter, compared to analyst estimates of $358.65 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The company’s quarterly revenue was up 41.6% on a year-over-year basis. During the same period last year, the business earned ($0.05) EPS. On average, equities analysts expect that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.0045 per share. This represents a dividend yield of 0.32%. The ex-dividend date is Friday, May 16th. First Majestic Silver’s dividend payout ratio (DPR) is currently -3.45%.

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.