First Majestic Silver Corp. (NYSE:AG) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 115.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,520,359 shares of the mining company's stock after buying an additional 814,153 shares during the period. Cubist Systematic Strategies LLC owned 0.49% of First Majestic Silver worth $8,347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AG. Allworth Financial LP boosted its stake in First Majestic Silver by 805.4% during the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock valued at $29,000 after buying an additional 4,591 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in First Majestic Silver during the fourth quarter worth approximately $55,000. Bank of Nova Scotia bought a new position in shares of First Majestic Silver during the 4th quarter valued at approximately $57,000. Captrust Financial Advisors bought a new stake in shares of First Majestic Silver in the 4th quarter worth about $58,000. Finally, Kingswood Wealth Advisors LLC bought a new position in First Majestic Silver during the 4th quarter valued at about $82,000. Institutional investors own 27.16% of the company's stock.

First Majestic Silver Stock Up 0.2%

NYSE AG traded up $0.01 during trading on Tuesday, hitting $5.84. The company's stock had a trading volume of 13,449,433 shares, compared to its average volume of 12,647,699. First Majestic Silver Corp. has a fifty-two week low of $4.43 and a fifty-two week high of $8.09. The company has a market cap of $2.83 billion, a PE ratio of -16.69 and a beta of 0.81. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.56 and a quick ratio of 2.12. The business's 50 day simple moving average is $6.31 and its 200-day simple moving average is $6.10.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last released its earnings results 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). 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 return on equity of 3.07% and a negative net margin of 18.17%. The firm's revenue for the quarter was up 41.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) EPS. On average, equities analysts anticipate that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Increases Dividend

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

Wall Street Analysts Forecast Growth

AG has been the topic of several research analyst reports. Scotiabank reaffirmed a "sector perform" rating and issued a $6.00 price objective on shares of First Majestic Silver in a research report on Wednesday, April 2nd. National Bankshares reiterated a "sector perform" rating on shares of First Majestic Silver in a report 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 price target on First Majestic Silver from $11.00 to $11.50 and gave the stock a "buy" rating in a research report on Friday. Finally, StockNews.com raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $8.75.

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.