UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in First Majestic Silver Corp. (NYSE:AG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 95.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,899 shares of the mining company's stock after selling 5,016,287 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of First Majestic Silver worth $1,438,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Barclays PLC purchased a new position in shares of First Majestic Silver during the third quarter valued at approximately $2,419,000. Principal Securities Inc. raised its holdings in shares of First Majestic Silver by 30.3% during the fourth quarter. Principal Securities Inc. now owns 21,500 shares of the mining company's stock valued at $118,000 after purchasing an additional 5,000 shares during the last quarter. Allworth Financial LP lifted its holdings in First Majestic Silver by 805.4% in the fourth quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock valued at $29,000 after acquiring an additional 4,591 shares during the period. CIBC Asset Management Inc grew its position in First Majestic Silver by 0.6% during the fourth quarter. CIBC Asset Management Inc now owns 370,255 shares of the mining company's stock valued at $2,030,000 after buying an additional 2,288 shares during the period. Finally, Pine Valley Investments Ltd Liability Co increased its position in First Majestic Silver by 6.1% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 186,978 shares of the mining company's stock worth $1,027,000 after buying an additional 10,686 shares in the last quarter. 27.16% of the stock is owned by institutional investors.

First Majestic Silver Trading Down 1.2%

NYSE:AG traded down $0.10 on Thursday, reaching $8.24. 26,685,796 shares of the company's stock were exchanged, compared to its average volume of 14,253,306. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of -23.54 and a beta of 0.74. First Majestic Silver Corp. has a 52-week low of $4.43 and a 52-week high of $8.66. The company has a quick ratio of 2.12, a current ratio of 2.56 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $6.32 and a 200-day moving average of $6.08.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last released its quarterly earnings data 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 return on equity of 3.07% and a negative net margin of 18.17%. The business had revenue of $241.12 million for the quarter, compared to analyst estimates of $358.65 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The company's revenue was up 41.6% compared to the same quarter last year. As a group, analysts expect that First Majestic Silver Corp. will post 0.54 earnings per share for the current year.

First Majestic Silver Announces Dividend

The company also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a dividend of $0.0045 per share. This represents a yield of 0.32%. The ex-dividend date was Friday, May 16th. First Majestic Silver's dividend payout ratio (DPR) is -3.45%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AG. Scotiabank reissued a "sector perform" rating and issued a $6.00 price objective on shares of First Majestic Silver in a research note on Wednesday, April 2nd. HC Wainwright increased their target price on First Majestic Silver from $11.00 to $11.50 and gave the stock a "buy" rating in a research note on Friday, May 9th. TD Securities upgraded First Majestic Silver to a "hold" rating in a report on Monday, March 10th. National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. Finally, 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently 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.