D.A. Davidson & CO. Makes New $445,000 Investment in First Majestic Silver Corp. (NYSE:AG)

D.A. Davidson & CO. purchased a new position in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 66,536 shares of the mining company's stock, valued at approximately $445,000.

Other hedge funds have also modified their holdings of the company. Tidal Investments LLC grew its position in First Majestic Silver by 135.2% in the fourth quarter. Tidal Investments LLC now owns 13,596,866 shares of the mining company's stock worth $74,647,000 after acquiring an additional 7,816,177 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of First Majestic Silver by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 11,423,691 shares of the mining company's stock valued at $62,784,000 after purchasing an additional 598,996 shares during the last quarter. Two Sigma Investments LP boosted its holdings in First Majestic Silver by 46.8% in the fourth quarter. Two Sigma Investments LP now owns 4,455,923 shares of the mining company's stock worth $24,463,000 after purchasing an additional 1,420,937 shares in the last quarter. Renaissance Technologies LLC increased its position in First Majestic Silver by 897.8% during the fourth quarter. Renaissance Technologies LLC now owns 3,759,181 shares of the mining company's stock worth $20,638,000 after buying an additional 3,382,443 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in First Majestic Silver by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,472,159 shares of the mining company's stock worth $19,060,000 after buying an additional 121,892 shares during the last quarter. 27.16% of the stock is owned by institutional investors and hedge funds.

First Majestic Silver Stock Performance

Shares of First Majestic Silver stock traded down $0.13 during trading on Monday, reaching $9.15. The company's stock had a trading volume of 24,077,108 shares, compared to its average volume of 15,945,730. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.74 and a current ratio of 3.19. The business's fifty day moving average price is $7.31 and its 200-day moving average price is $6.45. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of -31.53 and a beta of 0.82. First Majestic Silver Corp. has a one year low of $4.43 and a one year high of $9.48.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its quarterly earnings data 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 company had revenue of $241.12 million during 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 company's revenue was up 41.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS. As a group, equities research analysts predict that First Majestic Silver Corp. will post 0.54 earnings per share for the current year.

First Majestic Silver Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a dividend of $0.0045 per share. The ex-dividend date was Friday, May 16th. This represents a dividend yield of 0.32%. First Majestic Silver's payout ratio is -3.45%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AG shares. HC Wainwright upped their price target on First Majestic Silver from $11.50 to $12.75 and gave the stock a "buy" rating in a research note on Thursday. Scotiabank boosted their target price on First Majestic Silver from $6.00 to $6.50 and gave the stock a "sector perform" rating in a report on Wednesday, July 9th. National Bank Financial upgraded First Majestic Silver to a "hold" rating in a report on Thursday, June 12th. Finally, National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $9.63.

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.