Cambridge Investment Research Advisors Inc. Has $883,000 Stock Holdings in First Majestic Silver Corp. (NYSE:AG)

Cambridge Investment Research Advisors Inc. lessened its stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 40.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,994 shares of the mining company's stock after selling 91,222 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in First Majestic Silver were worth $883,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AG. Tcfg Wealth Management LLC bought a new position in shares of First Majestic Silver in the 1st quarter valued at $86,000. Focus Financial Network Inc. bought a new position in shares of First Majestic Silver in the 1st quarter valued at $67,000. Littlejohn Financial Services Inc. bought a new position in shares of First Majestic Silver in the 1st quarter valued at $68,000. Veracity Capital LLC increased its stake in shares of First Majestic Silver by 18.4% in the 1st quarter. Veracity Capital LLC now owns 22,078 shares of the mining company's stock valued at $148,000 after purchasing an additional 3,425 shares during the last quarter. Finally, RFG Advisory LLC bought a new position in shares of First Majestic Silver in the 1st quarter valued at $527,000. Institutional investors own 27.16% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AG. HC Wainwright lifted their price target on First Majestic Silver from $11.50 to $12.75 and gave the company a "buy" rating in a research note on Thursday. National Bankshares restated a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Scotiabank boosted their price objective on First Majestic Silver from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research report on Wednesday. Finally, National Bank Financial upgraded First Majestic Silver to a "hold" rating in a research report on Thursday, June 12th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, First Majestic Silver presently has a consensus rating of "Hold" and a consensus price target of $9.63.

First Majestic Silver Trading Up 2.7%

AG traded up $0.23 during midday trading on Thursday, hitting $8.66. 20,610,991 shares of the company were exchanged, compared to its average volume of 15,709,204. The firm has a market capitalization of $4.19 billion, a P/E ratio of -29.84 and a beta of 0.82. First Majestic Silver Corp. has a 1-year low of $4.43 and a 1-year high of $8.74. The firm's 50 day moving average price is $7.19 and its 200-day moving average price is $6.39. The company has a quick ratio of 2.74, a current ratio of 3.19 and a debt-to-equity ratio of 0.08.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its 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). The company had revenue of $241.12 million for the quarter, compared to analyst estimates of $358.65 million. First Majestic Silver had a negative return on equity of 0.14% and a negative net margin of 12.32%. The firm's quarterly revenue was up 41.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) earnings per share. As a group, equities analysts forecast that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal year.

First Majestic Silver Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.0045 per share. This represents a yield of 0.32%. The ex-dividend date of this dividend was Friday, May 16th. First Majestic Silver's payout ratio is presently -6.90%.

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.