Tidal Investments LLC Has $74.65 Million Stock Position in First Majestic Silver Corp. (NYSE:AG)

Tidal Investments LLC raised its stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 135.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,596,866 shares of the mining company's stock after buying an additional 7,816,177 shares during the period. First Majestic Silver makes up about 0.6% of Tidal Investments LLC's investment portfolio, making the stock its 18th largest holding. Tidal Investments LLC owned approximately 4.36% of First Majestic Silver worth $74,647,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Franklin Resources Inc. grew its holdings in shares of First Majestic Silver by 8.3% during the fourth quarter. Franklin Resources Inc. now owns 23,240 shares of the mining company's stock valued at $128,000 after buying an additional 1,776 shares in the last quarter. CIBC Asset Management Inc lifted its stake in First Majestic Silver by 0.6% in the 4th quarter. CIBC Asset Management Inc now owns 370,255 shares of the mining company's stock worth $2,030,000 after acquiring an additional 2,288 shares in the last quarter. Rathbones Group PLC boosted its position in First Majestic Silver by 4.3% during the 4th quarter. Rathbones Group PLC now owns 56,852 shares of the mining company's stock worth $312,000 after acquiring an additional 2,325 shares during the period. Moors & Cabot Inc. grew its stake in First Majestic Silver by 19.6% during the 4th quarter. Moors & Cabot Inc. now owns 17,100 shares of the mining company's stock valued at $94,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Numerai GP LLC increased its holdings in shares of First Majestic Silver by 14.6% in the 4th quarter. Numerai GP LLC now owns 27,792 shares of the mining company's stock valued at $153,000 after purchasing an additional 3,550 shares during the period. Institutional investors and hedge funds own 27.16% of the company's stock.

First Majestic Silver Stock Up 0.3%

AG stock traded up $0.02 during trading hours on Friday, hitting $5.89. The company's stock had a trading volume of 15,585,585 shares, compared to its average volume of 12,970,166. The stock has a 50 day moving average price of $6.23 and a two-hundred day moving average price of $6.02. First Majestic Silver Corp. has a 12 month low of $4.43 and a 12 month high of $8.06. The company has a market capitalization of $2.85 billion, a PE ratio of -16.79 and a beta of 0.81. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings data on Wednesday, May 7th. The mining company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $241.12 million during the quarter, compared to the consensus estimate of $358.65 million. First Majestic Silver had a negative return on equity of 3.07% and a negative net margin of 18.17%. The company's revenue for the quarter was up 41.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) earnings per share. On average, equities research analysts expect that First Majestic Silver Corp. will post 0.54 earnings per share for the current year.

First Majestic Silver Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AG. Scotiabank reaffirmed a "sector perform" rating and set a $6.00 price objective on shares of First Majestic Silver in a research report on Wednesday, April 2nd. HC Wainwright boosted their price target on shares of First Majestic Silver from $11.00 to $11.50 and gave the company a "buy" rating in a report on Friday, May 9th. National Bankshares reaffirmed a "sector perform" rating on shares of First Majestic Silver in a research note on Wednesday, April 2nd. Wall Street Zen raised First Majestic Silver from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Finally, TD Securities upgraded First Majestic Silver to a "hold" rating in a research note on Monday, March 10th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.