Bayesian Capital Management LP Takes $322,000 Position in First Majestic Silver Corp. (NYSE:AG)

Bayesian Capital Management LP bought a new position in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 58,600 shares of the mining company's stock, valued at approximately $322,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of First Majestic Silver by 897.8% during the 4th quarter. Renaissance Technologies LLC now owns 3,759,181 shares of the mining company's stock worth $20,638,000 after acquiring an additional 3,382,443 shares in the last quarter. Trexquant Investment LP raised its position in shares of First Majestic Silver by 161.0% during the 4th quarter. Trexquant Investment LP now owns 1,026,729 shares of the mining company's stock worth $5,637,000 after acquiring an additional 633,413 shares in the last quarter. Vanguard Group Inc. raised its position in shares of First Majestic Silver by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 11,423,691 shares of the mining company's stock worth $62,784,000 after acquiring an additional 598,996 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in shares of First Majestic Silver during the 4th quarter worth about $2,486,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of First Majestic Silver during the 4th quarter worth about $2,442,000. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AG has been the topic of a number of recent research reports. StockNews.com raised First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Scotiabank restated a "sector perform" rating and set a $6.00 price target on shares of First Majestic Silver in a research note on Wednesday, April 2nd. TD Securities upgraded First Majestic Silver to a "hold" rating in a report on Monday, March 10th. HC Wainwright increased their target price on First Majestic Silver from $11.00 to $11.50 and gave the company a "buy" rating in a research note on Friday. Finally, National Bankshares reiterated a "sector perform" rating on shares of First Majestic Silver in a research note on Wednesday, April 2nd. Four 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, the stock currently has a consensus rating of "Hold" and an average price target of $8.75.

First Majestic Silver Stock Performance

Shares of NYSE:AG traded up $0.03 during midday trading on Tuesday, hitting $5.86. The company's stock had a trading volume of 12,805,346 shares, compared to its average volume of 12,643,285. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of -16.74 and a beta of 0.81. The stock's 50 day simple moving average is $6.31 and its 200 day simple moving average is $6.10. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56. First Majestic Silver Corp. has a fifty-two week low of $4.43 and a fifty-two week high of $8.09.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last released its quarterly earnings data on Wednesday, May 7th. The mining company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The company had revenue of $241.12 million during the quarter, compared to the consensus estimate of $358.65 million. During the same quarter in the prior year, the company posted ($0.05) EPS. The company's revenue for the quarter was up 41.6% compared to the same quarter last year. As a group, research analysts anticipate that First Majestic Silver Corp. will post 0.54 earnings per share for the current year.

First Majestic Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.0057 per share. The ex-dividend date was Friday, February 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.39%. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.00. First Majestic Silver's payout ratio is currently -3.45%.

First Majestic Silver 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.