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

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC acquired a new stake in First Majestic Silver in the 3rd quarter worth $2,419,000. Euro Pacific Asset Management LLC lifted its position in shares of First Majestic Silver by 10.9% in the 4th quarter. Euro Pacific Asset Management LLC now owns 45,723 shares of the mining company's stock worth $262,000 after acquiring an additional 4,512 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of First Majestic Silver by 7.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 98,352 shares of the mining company's stock worth $540,000 after purchasing an additional 7,000 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of First Majestic Silver during the fourth quarter valued at approximately $126,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of First Majestic Silver in the fourth quarter valued at $82,000. Institutional investors own 27.16% of the company's stock.

First Majestic Silver Stock Down 3.2%

AG traded down $0.21 on Thursday, hitting $6.13. 15,501,897 shares of the company were exchanged, compared to its average volume of 13,169,876. The company has a market cap of $2.97 billion, a PE ratio of -17.50 and a beta of 0.81. The stock's fifty day moving average is $6.15 and its 200-day moving average is $6.00. First Majestic Silver Corp. has a 12 month low of $4.43 and a 12 month high of $8.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.12 and a current ratio of 2.56.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last issued its quarterly earnings results 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). First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. The business had revenue of $241.12 million during the quarter, compared to the consensus estimate of $358.65 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The company's revenue for the quarter was up 41.6% on a year-over-year basis. Equities research analysts predict that First Majestic Silver Corp. will post 0.54 EPS for the current fiscal 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 paid a $0.0045 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a dividend yield of 0.32%. First Majestic Silver's dividend payout ratio is currently -3.45%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AG. TD Securities raised shares of First Majestic Silver to a "hold" rating in a research note on Monday, March 10th. Scotiabank restated a "sector perform" rating and set a $6.00 target price on shares of First Majestic Silver in a research report on Wednesday, April 2nd. Wall Street Zen upgraded First Majestic Silver from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. National Bankshares reaffirmed a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. Finally, HC Wainwright upped 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 note on Friday, May 9th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, First Majestic Silver has an average rating of "Hold" and a consensus price target of $8.75.

First Majestic Silver 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.