BNP Paribas Financial Markets Purchases 174,272 Shares of First Majestic Silver Corp. (NYSE:AG)

BNP Paribas Financial Markets raised its stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 67.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 434,482 shares of the mining company's stock after acquiring an additional 174,272 shares during the period. BNP Paribas Financial Markets owned approximately 0.14% of First Majestic Silver worth $2,385,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Franklin Resources Inc. lifted its position in First Majestic Silver by 8.3% during the fourth quarter. Franklin Resources Inc. now owns 23,240 shares of the mining company's stock valued at $128,000 after purchasing an additional 1,776 shares during the period. CIBC Asset Management Inc raised its stake 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 valued at $2,030,000 after buying an additional 2,288 shares during the last quarter. Rathbones Group PLC raised its stake in First Majestic Silver by 4.3% during the 4th quarter. Rathbones Group PLC now owns 56,852 shares of the mining company's stock valued at $312,000 after buying an additional 2,325 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of 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 buying an additional 2,800 shares during the period. Finally, Northwest & Ethical Investments L.P. boosted its stake in shares of First Majestic Silver by 23.0% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 27.16% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. National Bankshares reiterated a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. StockNews.com upgraded First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. TD Securities upgraded shares of First Majestic Silver to a "hold" rating in a research note on Monday, March 10th. 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 report on Friday, May 9th. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $6.00 target price on shares of First Majestic Silver in a report on Wednesday, April 2nd. Four equities research 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 an average rating of "Hold" and a consensus target price of $8.75.

First Majestic Silver Stock Performance

NYSE:AG traded down $0.15 during mid-day trading on Thursday, hitting $5.82. 5,001,569 shares of the company traded hands, compared to its average volume of 12,873,350. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. The stock's fifty day moving average price is $6.25 and its 200-day moving average price is $6.03. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -16.59 and a beta of 0.81. First Majestic Silver Corp. has a one year low of $4.43 and a one year high of $8.06.

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 analysts' consensus estimates of $0.06 by ($0.01). The company had revenue of $241.12 million for the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 41.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) earnings per share. Research analysts anticipate that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.0045 per share. This represents a yield of 0.32%. The ex-dividend date is Friday, May 16th. First Majestic Silver's dividend payout ratio 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.