Integrated Advisors Network LLC Makes New Investment in First Majestic Silver Corp. (NYSE:AG)

Integrated Advisors Network LLC acquired a new stake in First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 72,605 shares of the mining company's stock, valued at approximately $399,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mackenzie Financial Corp raised its stake in shares of First Majestic Silver by 8.1% during the 4th quarter. Mackenzie Financial Corp now owns 155,262 shares of the mining company's stock worth $852,000 after purchasing an additional 11,649 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of First Majestic Silver by 6.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 88,896 shares of the mining company's stock worth $488,000 after purchasing an additional 5,099 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of First Majestic Silver by 90.6% during the 4th quarter. Two Sigma Advisers LP now owns 118,715 shares of the mining company's stock worth $652,000 after purchasing an additional 56,415 shares in the last quarter. Two Sigma Investments LP raised its stake in First Majestic Silver by 46.8% in the 4th quarter. Two Sigma Investments LP now owns 4,455,923 shares of the mining company's stock valued at $24,463,000 after acquiring an additional 1,420,937 shares during the period. Finally, Tidal Investments LLC raised its stake in First Majestic Silver by 135.2% in the 4th quarter. Tidal Investments LLC now owns 13,596,866 shares of the mining company's stock valued at $74,647,000 after acquiring an additional 7,816,177 shares during the period. 27.16% of the stock is currently owned by institutional investors and hedge funds.

First Majestic Silver Trading Up 0.8%

NYSE:AG traded up $0.05 on Friday, reaching $6.18. 17,013,642 shares of the stock traded hands, compared to its average volume of 13,250,964. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of -17.66 and a beta of 0.81. First Majestic Silver Corp. has a 1-year low of $4.43 and a 1-year high of $8.06. The company has a current ratio of 2.56, a quick ratio of 2.12 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $6.13 and its 200-day moving average is $6.00.

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). The business had revenue of $241.12 million during the quarter, compared to analyst estimates of $358.65 million. First Majestic Silver had a negative net margin of 18.17% and a negative return on equity of 3.07%. First Majestic Silver's quarterly revenue was up 41.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) earnings per share. Equities research analysts anticipate 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 given a dividend of $0.0045 per share. 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 (DPR) is presently -3.45%.

Analyst Ratings Changes

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