DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Grows Position in First Majestic Silver Corp. (NYSE:AG)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 867,552 shares of the mining company's stock after acquiring an additional 79,232 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.28% of First Majestic Silver worth $4,763,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AG. Renaissance Technologies LLC lifted its stake in shares of First Majestic Silver by 897.8% during the 4th quarter. Renaissance Technologies LLC now owns 3,759,181 shares of the mining company's stock valued at $20,638,000 after buying an additional 3,382,443 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of First Majestic Silver by 115.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 1,520,359 shares of the mining company's stock valued at $8,347,000 after acquiring an additional 814,153 shares in the last quarter. Trexquant Investment LP boosted its stake in shares of First Majestic Silver by 161.0% in the fourth quarter. Trexquant Investment LP now owns 1,026,729 shares of the mining company's stock worth $5,637,000 after acquiring an additional 633,413 shares during the period. Vanguard Group Inc. boosted its stake in shares of First Majestic Silver by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 11,423,691 shares of the mining company's stock worth $62,784,000 after acquiring an additional 598,996 shares during the period. Finally, Capital Fund Management S.A. purchased a new stake in shares of First Majestic Silver during the fourth quarter worth about $2,486,000. Institutional investors own 27.16% of the company's stock.

First Majestic Silver Trading Down 0.5%

AG stock traded down $0.03 during mid-day trading on Tuesday, reaching $5.80. The company had a trading volume of 22,910,172 shares, compared to its average volume of 12,710,280. The firm has a 50 day moving average of $6.31 and a 200 day moving average of $6.10. 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 Corp. has a 12 month low of $4.43 and a 12 month high of $8.09. The company has a market capitalization of $2.81 billion, a PE ratio of -16.57 and a beta of 0.81.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last posted its quarterly earnings results on Wednesday, May 7th. The mining company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The business had revenue of $241.12 million during the quarter, compared to the consensus estimate of $358.65 million. During the same quarter in the prior year, the firm posted ($0.05) EPS. The company's revenue for the quarter was up 41.6% compared to the same quarter last year. On average, equities 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.0057 per share. This represents a $0.02 annualized dividend 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 dividend payout ratio is currently -3.45%.

Analysts Set New Price Targets

Several research firms recently weighed in on AG. HC Wainwright raised their target price on shares of First Majestic Silver from $11.00 to $11.50 and gave the company a "buy" rating in a research note on Friday. National Bankshares reaffirmed a "sector perform" rating on shares of First Majestic Silver in a research note on Wednesday, April 2nd. Scotiabank reissued 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. TD Securities upgraded First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. Finally, StockNews.com upgraded First Majestic Silver from a "sell" rating to a "hold" rating in a report on Friday, February 21st. 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, First Majestic Silver currently has a consensus 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.