Integrated Advisors Network LLC Purchases Shares of 72,605 First Majestic Silver Corp. (NYSE:AG)

Integrated Advisors Network LLC bought a new position in shares of First Majestic Silver Corp. (NYSE:AG - Free Report) TSE: FR during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 72,605 shares of the mining company's stock, valued at approximately $399,000.

A number of other large investors also recently made changes to their positions in the company. Tidal Investments LLC boosted its holdings in shares of 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 purchasing an additional 7,816,177 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of First Majestic Silver by 897.8% during the 4th quarter. Renaissance Technologies LLC now owns 3,759,181 shares of the mining company's stock valued at $20,638,000 after acquiring an additional 3,382,443 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of First Majestic Silver by 46.8% during 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 in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of First Majestic Silver by 115.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 1,520,359 shares of the mining company's stock valued at $8,347,000 after acquiring an additional 814,153 shares in the last quarter. Finally, Trexquant Investment LP boosted its holdings in shares of First Majestic Silver by 161.0% during the 4th quarter. Trexquant Investment LP now owns 1,026,729 shares of the mining company's stock valued at $5,637,000 after acquiring an additional 633,413 shares in the last quarter. Institutional investors own 27.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AG shares. National Bankshares reissued a "sector perform" rating on shares of First Majestic Silver in a report on Wednesday, April 2nd. 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 First Majestic Silver to a "hold" rating in a report on Monday, March 10th. Scotiabank reaffirmed a "sector perform" rating and set a $6.00 target price on shares of First Majestic Silver in a report on Wednesday, April 2nd. Finally, HC Wainwright lifted their target price on First Majestic Silver from $11.00 to $11.50 and gave the stock a "buy" rating in a report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $8.75.

First Majestic Silver Trading Up 11.3%

Shares of AG stock traded up $0.70 during mid-day trading on Monday, hitting $6.87. The company's stock had a trading volume of 41,724,636 shares, compared to its average volume of 13,398,679. The company's fifty day simple moving average is $6.12 and its 200-day simple moving average is $6.00. First Majestic Silver Corp. has a 52 week low of $4.43 and a 52 week 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. The company has a market cap of $3.32 billion, a PE ratio of -19.61 and a beta of 0.81.

First Majestic Silver (NYSE:AG - Get Free Report) TSE: FR last posted 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 return on equity of 3.07% and a negative net margin of 18.17%. The business had revenue of $241.12 million during the quarter, compared to the consensus estimate of $358.65 million. During the same period last year, the business posted ($0.05) earnings per share. The business's revenue was up 41.6% on a year-over-year basis. As a group, equities research analysts expect that First Majestic Silver Corp. will post 0.54 earnings per share for the current fiscal year.

First Majestic Silver Announces Dividend

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

First Majestic Silver Company 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.