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

Bayesian Capital Management LP purchased a new position in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 58,600 shares of the mining company's stock, valued at approximately $322,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in First Majestic Silver by 805.4% during the 4th quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock valued at $29,000 after purchasing an additional 4,591 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in First Majestic Silver in the fourth quarter valued at $55,000. Bank of Nova Scotia bought a new position in First Majestic Silver during the 4th quarter valued at $57,000. Kingswood Wealth Advisors LLC acquired a new position in First Majestic Silver during the 4th quarter worth $82,000. Finally, Fiduciary Family Office LLC bought a new stake in shares of First Majestic Silver in the 4th quarter worth about $86,000. 27.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. National Bankshares restated a "sector perform" rating on shares of First Majestic Silver in a research note on Wednesday, April 2nd. HC Wainwright boosted their price objective on shares of First Majestic Silver from $11.00 to $11.50 and gave the company a "buy" rating in a research report on Friday. Scotiabank reissued a "sector perform" rating and issued a $6.00 target price on shares of First Majestic Silver in a report on Wednesday, April 2nd. StockNews.com raised First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, TD Securities upgraded shares of First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, First Majestic Silver currently has an average rating of "Hold" and a consensus target price of $8.75.

First Majestic Silver Price Performance

Shares of AG stock traded up $0.39 during mid-day trading on Friday, hitting $5.90. 21,696,526 shares of the stock traded hands, compared to its average volume of 12,564,470. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of -16.86 and a beta of 0.81. The company's 50-day simple moving average is $6.31 and its 200-day simple moving average is $6.12. First Majestic Silver Corp. has a twelve month low of $4.43 and a twelve month high of $8.09.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last posted its quarterly earnings data on Wednesday, May 7th. The mining company reported $0.05 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $241.12 million for the quarter, compared to the consensus estimate of $358.65 million. During the same quarter last year, the business posted ($0.05) EPS. The business's revenue for the quarter was up 41.6% on a year-over-year basis. As a group, equities research analysts expect that First Majestic Silver Corp. will post 0.54 earnings per share for the current year.

First Majestic Silver Increases Dividend

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