Capital Fund Management S.A. Makes New $2.49 Million Investment in First Majestic Silver Corp. (NYSE:AG)

Capital Fund Management S.A. acquired a new position in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 452,828 shares of the mining company's stock, valued at approximately $2,486,000. Capital Fund Management S.A. owned 0.15% of First Majestic Silver as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. HighTower Advisors LLC raised its stake in First Majestic Silver by 14.2% during the third quarter. HighTower Advisors LLC now owns 131,877 shares of the mining company's stock valued at $793,000 after buying an additional 16,424 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in First Majestic Silver in the 3rd quarter worth about $70,000. Public Employees Retirement System of Ohio bought a new position in First Majestic Silver in the 3rd quarter worth about $504,000. Barclays PLC bought a new stake in First Majestic Silver during the 3rd quarter valued at about $2,419,000. Finally, Geode Capital Management LLC raised its holdings in First Majestic Silver by 9.8% in the third quarter. Geode Capital Management LLC now owns 136,901 shares of the mining company's stock worth $825,000 after buying an additional 12,171 shares during the last quarter. 27.16% of the stock is currently owned by hedge funds and other institutional investors.

First Majestic Silver Stock Performance

Shares of First Majestic Silver stock traded down $0.19 during trading hours on Friday, reaching $6.52. 17,876,512 shares of the stock traded hands, compared to its average volume of 11,756,053. First Majestic Silver Corp. has a one year low of $4.43 and a one year high of $8.09. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of -18.61 and a beta of 0.97. 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 company has a 50 day moving average price of $6.13 and a 200 day moving average price of $6.18.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its earnings results on Thursday, February 20th. The mining company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The business had revenue of $172.34 million for the quarter, compared to analysts' expectations of $227.77 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. On average, equities research analysts expect that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Increases Dividend

The business also recently announced 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 of this dividend was Friday, February 28th. This is an increase from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a yield of 0.35%. First Majestic Silver's payout ratio is -5.71%.

Analyst Upgrades and Downgrades

AG has been the subject of a number of recent analyst reports. TD Securities upgraded shares of First Majestic Silver to a "hold" rating in a report on Monday, March 10th. National Bankshares reaffirmed a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. HC Wainwright restated a "buy" rating and set a $11.00 target price on shares of First Majestic Silver in a research note on Friday, February 21st. StockNews.com upgraded shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Scotiabank restated a "sector perform" rating and set a $6.00 price objective on shares of First Majestic Silver in a research report 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $8.50.

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.