First Majestic Silver Corp. (NYSE:AG) Shares Sold by Barclays PLC

Barclays PLC cut its stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 356,622 shares of the mining company's stock after selling 46,597 shares during the quarter. Barclays PLC owned about 0.11% of First Majestic Silver worth $1,958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in First Majestic Silver by 8.3% in the 4th quarter. Franklin Resources Inc. now owns 23,240 shares of the mining company's stock worth $128,000 after buying an additional 1,776 shares during the period. CIBC Asset Management Inc increased its holdings in First Majestic Silver by 0.6% during the 4th quarter. CIBC Asset Management Inc now owns 370,255 shares of the mining company's stock worth $2,030,000 after purchasing an additional 2,288 shares during the period. Rathbones Group PLC lifted its holdings in shares of First Majestic Silver by 4.3% in the 4th quarter. Rathbones Group PLC now owns 56,852 shares of the mining company's stock worth $312,000 after buying an additional 2,325 shares during the period. Moors & Cabot Inc. increased its position in First Majestic Silver by 19.6% during the 4th quarter. Moors & Cabot Inc. now owns 17,100 shares of the mining company's stock valued at $94,000 after purchasing an additional 2,800 shares during the period. Finally, Northwest & Ethical Investments L.P. raised its stake in First Majestic Silver by 23.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 21,419 shares of the mining company's stock worth $118,000 after buying an additional 4,009 shares in the last quarter. 27.16% of the stock is owned by hedge funds and other institutional investors.

First Majestic Silver Price Performance

Shares of NYSE:AG traded down $0.15 during trading on Wednesday, reaching $6.25. The stock had a trading volume of 21,865,116 shares, compared to its average volume of 12,410,710. The business has a fifty day moving average price of $6.30 and a 200-day moving average price of $6.16. First Majestic Silver Corp. has a 1-year low of $4.43 and a 1-year high of $8.09. 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 stock has a market cap of $3.02 billion, a PE ratio of -17.84 and a beta of 0.81.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its earnings results on Wednesday, May 7th. The mining company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.07). First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. On average, equities analysts forecast that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Friday, February 28th. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.00. First Majestic Silver's payout ratio is presently -5.71%.

Wall Street Analyst Weigh In

AG has been the topic of several recent analyst reports. Scotiabank reaffirmed a "sector perform" rating and set a $6.00 target price on shares of First Majestic Silver in a research report on Wednesday, April 2nd. TD Securities upgraded First Majestic Silver to a "hold" rating in a research note on Monday, March 10th. National Bankshares restated a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. HC Wainwright reaffirmed a "buy" rating and set a $11.00 target price on shares of First Majestic Silver in a report on Friday, February 21st. Finally, StockNews.com raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $8.50.

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.