Dynamic Technology Lab Private Ltd Boosts Stake in First Majestic Silver Corp. $AG

Key Points

• Dynamic Technology Lab Private Ltd increased their stake in First Majestic Silver Corp. by 66.4% during the first quarter, owning approximately 100,855 shares valued at $675,000.
• First Majestic Silver reported $0.04 EPS for the quarter, missing analysts' expectation of $0.06, and had a quarterly revenue of $264.20 million, compared to a forecast of $387.25 million.
• The firm declared a dividend of $0.0048 per share set to be paid on September 15th, with an annualized yield of 0.2%, indicating a payout ratio of -200.00%.

Dynamic Technology Lab Private Ltd increased its stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 66.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,855 shares of the mining company's stock after acquiring an additional 40,228 shares during the period. Dynamic Technology Lab Private Ltd's holdings in First Majestic Silver were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rathbones Group PLC grew its holdings in First Majestic Silver by 3.3% during the first quarter. Rathbones Group PLC now owns 58,732 shares of the mining company's stock worth $393,000 after acquiring an additional 1,880 shares during the period. Synovus Financial Corp grew its holdings in First Majestic Silver by 6.8% during the first quarter. Synovus Financial Corp now owns 39,852 shares of the mining company's stock worth $267,000 after acquiring an additional 2,552 shares during the period. Signaturefd LLC grew its holdings in First Majestic Silver by 16.0% during the first quarter. Signaturefd LLC now owns 24,377 shares of the mining company's stock worth $163,000 after acquiring an additional 3,357 shares during the period. Sigma Planning Corp grew its holdings in First Majestic Silver by 29.0% during the first quarter. Sigma Planning Corp now owns 15,030 shares of the mining company's stock worth $101,000 after acquiring an additional 3,380 shares during the period. Finally, Veracity Capital LLC grew its holdings in First Majestic Silver by 18.4% during the first quarter. Veracity Capital LLC now owns 22,078 shares of the mining company's stock worth $148,000 after acquiring an additional 3,425 shares during the period. 27.16% of the stock is owned by institutional investors and hedge funds.

First Majestic Silver Trading Up 1.2%

First Majestic Silver stock traded up $0.13 during trading on Monday, reaching $10.67. 6,176,853 shares of the company were exchanged, compared to its average volume of 20,854,271. First Majestic Silver Corp. has a 52-week low of $5.09 and a 52-week high of $10.83. The company has a market capitalization of $5.20 billion, a P/E ratio of -1,066.33 and a beta of 0.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.27 and a quick ratio of 2.84. The stock's 50 day simple moving average is $8.82 and its two-hundred day simple moving average is $7.45.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its quarterly earnings data on Thursday, August 14th. The mining company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). First Majestic Silver had a return on equity of 1.72% and a net margin of 1.78%.The company had revenue of $264.20 million for the quarter, compared to analysts' expectations of $387.25 million. During the same quarter in the previous year, the business posted ($0.07) EPS. The business's quarterly revenue was up 94.0% compared to the same quarter last year. On average, equities research analysts expect that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $0.0048 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.02 dividend on an annualized basis and a yield of 0.2%. First Majestic Silver's payout ratio is currently -100.00%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AG shares. HC Wainwright reiterated a "buy" rating and set a $12.75 price target on shares of First Majestic Silver in a research report on Friday, August 15th. Scotiabank increased their price target on First Majestic Silver from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research report on Wednesday, July 9th. Finally, National Bank Financial upgraded First Majestic Silver to a "hold" rating in a research report on Thursday, June 12th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $9.63.

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.