Dimensional Fund Advisors LP Has $19.06 Million Position in First Majestic Silver Corp. (NYSE:AG)

Dimensional Fund Advisors LP boosted its stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,472,159 shares of the mining company's stock after buying an additional 121,892 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.11% of First Majestic Silver worth $19,060,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AG. Barclays PLC acquired a new position in First Majestic Silver in the 3rd quarter valued at $2,419,000. Geode Capital Management LLC grew its position in First Majestic Silver by 9.8% in the 3rd quarter. Geode Capital Management LLC now owns 136,901 shares of the mining company's stock worth $825,000 after purchasing an additional 12,171 shares during the last quarter. Fiduciary Family Office LLC acquired a new stake in First Majestic Silver in the 4th quarter worth $86,000. Euro Pacific Asset Management LLC grew its position in First Majestic Silver by 10.9% in the 4th quarter. Euro Pacific Asset Management LLC now owns 45,723 shares of the mining company's stock worth $262,000 after purchasing an additional 4,512 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of First Majestic Silver by 7.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 98,352 shares of the mining company's stock worth $540,000 after acquiring an additional 7,000 shares during the period. Hedge funds and other institutional investors own 27.16% of the company's stock.

First Majestic Silver Trading Down 0.5%

NYSE AG traded down $0.03 during trading on Tuesday, reaching $5.80. 10,802,882 shares of the stock traded hands, compared to its average volume of 20,245,387. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -16.57 and a beta of 0.81. The stock's 50-day moving average price is $6.31 and its 200 day moving average price is $6.10. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. First Majestic Silver Corp. has a fifty-two week low of $4.43 and a fifty-two week high of $8.09.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last released its quarterly 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 during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) EPS. Analysts predict that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.0057 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend 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 currently -3.45%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. HC Wainwright boosted their target price on shares of First Majestic Silver from $11.00 to $11.50 and gave the stock a "buy" rating in a research note on Friday. TD Securities raised shares of First Majestic Silver to a "hold" rating in a research note on Monday, March 10th. StockNews.com raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $6.00 target price on shares of First Majestic Silver in a research note 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $8.75.

First Majestic Silver 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.