UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.44 Million Position in First Majestic Silver Corp. (NYSE:AG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR by 95.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 261,899 shares of the mining company's stock after selling 5,016,287 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of First Majestic Silver worth $1,438,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AG. Allworth Financial LP raised its holdings in First Majestic Silver by 805.4% during the 4th quarter. Allworth Financial LP now owns 5,161 shares of the mining company's stock worth $29,000 after buying an additional 4,591 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new position in First Majestic Silver in the 4th quarter worth $55,000. Bank of Nova Scotia acquired a new position in shares of First Majestic Silver during the fourth quarter worth about $57,000. Captrust Financial Advisors bought a new position in shares of First Majestic Silver during the fourth quarter worth about $58,000. Finally, Moors & Cabot Inc. raised its position in First Majestic Silver by 19.6% in the 4th quarter. Moors & Cabot Inc. now owns 17,100 shares of the mining company's stock valued at $94,000 after buying an additional 2,800 shares during the last quarter. 27.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

First Majestic Silver Stock Performance

Shares of First Majestic Silver stock traded up $0.05 on Tuesday, hitting $8.38. The stock had a trading volume of 26,875,678 shares, compared to its average volume of 14,083,679. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of -23.93 and a beta of 0.74. 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 twelve month low of $4.43 and a twelve month high of $8.66. The business's 50 day moving average is $6.23 and its two-hundred day moving average is $6.05.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last announced its quarterly earnings data on Wednesday, May 7th. The mining company reported $0.05 earnings per share 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 company had revenue of $241.12 million during the quarter, compared to analyst estimates of $358.65 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. First Majestic Silver's revenue was up 41.6% on a year-over-year basis. Analysts forecast that First Majestic Silver Corp. will post 0.54 EPS for the current year.

First Majestic Silver Announces Dividend

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

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.