Dimensional Fund Advisors LP Increases Position in First Majestic Silver Corp. (NYSE:AG)

Dimensional Fund Advisors LP lifted its holdings in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 institutional investors and hedge funds have also recently modified their holdings of the business. Allworth Financial LP raised its position in First Majestic Silver by 805.4% during the 4th quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock valued at $29,000 after purchasing an additional 4,591 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in First Majestic Silver in the fourth quarter worth about $55,000. Bank of Nova Scotia bought a new position in First Majestic Silver during the 4th quarter worth about $57,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of First Majestic Silver in the 4th quarter worth approximately $82,000. Finally, Fiduciary Family Office LLC bought a new position in shares of First Majestic Silver during the fourth quarter valued at approximately $86,000. 27.16% of the stock is owned by institutional investors.

First Majestic Silver Stock Performance

Shares of First Majestic Silver stock traded up $0.39 during midday trading on Friday, hitting $5.90. The company had a trading volume of 21,696,526 shares, compared to its average volume of 12,564,470. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -16.86 and a beta of 0.81. First Majestic Silver Corp. has a 12-month low of $4.43 and a 12-month high of $8.09. 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 fifty day simple moving average of $6.31 and a 200 day simple moving average of $6.12.

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 (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm 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%. First Majestic Silver's revenue was up 41.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) earnings per share. As a group, analysts predict 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 announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.0057 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.39%. This is a positive change from First Majestic Silver's previous quarterly dividend of $0.00. First Majestic Silver's dividend payout ratio is currently -3.45%.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com raised First Majestic Silver from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. National Bankshares reiterated a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. TD Securities upgraded shares of First Majestic Silver to a "hold" rating in a report on Monday, March 10th. HC Wainwright boosted their price objective 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. Finally, Scotiabank restated 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.