First Majestic Silver Corp. $AG Shares Acquired by Dynamic Technology Lab Private Ltd

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

A number of other institutional investors also recently added to or reduced their stakes in AG. Parallel Advisors LLC lifted its stake in First Majestic Silver by 1,221.6% in the first quarter. Parallel Advisors LLC now owns 3,793 shares of the mining company's stock worth $25,000 after acquiring an additional 3,506 shares during the last quarter. AlphaQuest LLC purchased a new position in First Majestic Silver in the first quarter worth approximately $29,000. Banque Cantonale Vaudoise purchased a new position in First Majestic Silver in the first quarter worth approximately $46,000. Captrust Financial Advisors purchased a new position in First Majestic Silver in the fourth quarter worth approximately $58,000. Finally, Focus Financial Network Inc. purchased a new position in First Majestic Silver in the first quarter worth approximately $67,000. Hedge funds and other institutional investors own 27.16% of the company's stock.

First Majestic Silver Stock Performance

Shares of First Majestic Silver stock traded up $0.15 during trading on Friday, reaching $10.54. The company's stock had a trading volume of 25,760,303 shares, compared to its average volume of 19,166,696. The company has a 50-day moving average price of $8.82 and a two-hundred day moving average price of $7.43. The firm has a market cap of $5.14 billion, a PE ratio of -1,052.95 and a beta of 0.78. First Majestic Silver Corp. has a fifty-two week low of $5.09 and a fifty-two week high of $10.83. The company has a current ratio of 3.27, a quick ratio of 2.84 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 Thursday, August 14th. The mining company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The business had revenue of $264.20 million during the quarter, compared to analyst estimates of $387.25 million. First Majestic Silver had a net margin of 1.78% and a return on equity of 1.72%. The business's revenue was up 94.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) earnings per share. On average, analysts forecast that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.0048 dividend. This represents a $0.02 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 29th. First Majestic Silver's payout ratio is currently -200.00%.

Analyst Ratings Changes

A number of research firms have weighed in on AG. National Bank Financial raised shares of First Majestic Silver to a "hold" rating in a report on Thursday, June 12th. Scotiabank raised their price objective on shares of First Majestic Silver from $6.00 to $6.50 and gave the stock a "sector perform" rating in a report on Wednesday, July 9th. Finally, HC Wainwright reissued a "buy" rating and set a $12.75 price objective on shares of First Majestic Silver in a report on Friday, August 15th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.