Voloridge Investment Management LLC Sells 74,126 Shares of First Majestic Silver Corp. (NYSE:AG)

Voloridge Investment Management LLC cut its position in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,880,188 shares of the mining company's stock after selling 74,126 shares during the quarter. Voloridge Investment Management LLC owned about 0.60% of First Majestic Silver worth $10,322,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Tidal Investments LLC lifted its position in shares of First Majestic Silver by 135.2% during the fourth quarter. Tidal Investments LLC now owns 13,596,866 shares of the mining company's stock valued at $74,647,000 after purchasing an additional 7,816,177 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of 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 valued at $20,638,000 after purchasing an additional 3,382,443 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of First Majestic Silver by 46.8% during the fourth quarter. Two Sigma Investments LP now owns 4,455,923 shares of the mining company's stock valued at $24,463,000 after purchasing an additional 1,420,937 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of First Majestic Silver by 115.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 1,520,359 shares of the mining company's stock valued at $8,347,000 after purchasing an additional 814,153 shares in the last quarter. Finally, Trexquant Investment LP lifted its position in shares of First Majestic Silver by 161.0% during the fourth quarter. Trexquant Investment LP now owns 1,026,729 shares of the mining company's stock valued at $5,637,000 after purchasing an additional 633,413 shares in the last quarter. 27.16% of the stock is currently owned by institutional investors and hedge funds.

First Majestic Silver Stock Down 1.1%

Shares of NYSE:AG traded down $0.07 during midday trading on Friday, reaching $6.06. The company's stock had a trading volume of 8,217,864 shares, compared to its average volume of 13,185,373. The firm has a 50 day moving average of $6.13 and a 200-day moving average of $6.00. The firm has a market capitalization of $2.93 billion, a P/E ratio of -17.36 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 Corp. has a 12-month low of $4.43 and a 12-month high of $8.06.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its quarterly earnings results 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 company had revenue of $241.12 million for the quarter, compared to analysts' expectations of $358.65 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The business's revenue was up 41.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) EPS. On average, research analysts anticipate 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 declared 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 payout ratio is presently -3.45%.

Wall Street Analyst Weigh In

Several brokerages have commented on AG. Wall Street Zen raised shares of First Majestic Silver from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. HC Wainwright lifted their price objective on shares of First Majestic Silver from $11.00 to $11.50 and gave the stock a "buy" rating in a research report on Friday, May 9th. TD Securities raised shares of First Majestic Silver to a "hold" rating in a research report on Monday, March 10th. National Bankshares reaffirmed a "sector perform" rating on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $6.00 price objective on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8.75.

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.