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

Cubist Systematic Strategies LLC lifted its stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 115.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and 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 quarter. Cubist Systematic Strategies LLC owned approximately 0.49% of First Majestic Silver worth $8,347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. increased its holdings in shares of First Majestic Silver by 8.3% in the 4th quarter. Franklin Resources Inc. now owns 23,240 shares of the mining company's stock valued at $128,000 after acquiring an additional 1,776 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of 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 fourth quarter. Rathbones Group PLC now owns 56,852 shares of the mining company's stock worth $312,000 after acquiring an additional 2,325 shares during the period. Moors & Cabot Inc. lifted its holdings in First Majestic Silver by 19.6% in the fourth quarter. Moors & Cabot Inc. now owns 17,100 shares of the mining company's stock worth $94,000 after acquiring an additional 2,800 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. boosted 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 valued at $118,000 after acquiring an additional 4,009 shares during the period. Institutional investors own 27.16% of the company's stock.

First Majestic Silver Stock Performance

Shares of NYSE AG traded up $0.39 during midday trading on Friday, reaching $5.90. 21,696,526 shares of the company traded hands, compared to its average volume of 12,564,470. The company has a market cap of $2.86 billion, a price-to-earnings ratio of -16.86 and a beta of 0.81. The stock has a 50-day moving average price of $6.31 and a 200 day moving average price of $6.12. First Majestic Silver Corp. has a 52 week low of $4.43 and a 52 week high of $8.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.56 and a quick ratio of 2.12.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings results 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). First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. The company had revenue of $241.12 million during the quarter, compared to analyst estimates of $358.65 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The company's revenue was up 41.6% on a year-over-year basis. Sell-side analysts anticipate 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. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from First Majestic Silver's previous quarterly dividend of $0.00. This represents a $0.02 annualized dividend and a dividend yield of 0.39%. First Majestic Silver's dividend payout ratio (DPR) is -3.45%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Scotiabank reissued a "sector perform" rating and issued a $6.00 price target on shares of First Majestic Silver in a 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. HC Wainwright increased 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. TD Securities raised shares of First Majestic Silver to a "hold" rating in a research note on Monday, March 10th. Finally, National Bankshares restated a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $8.75.

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.